Alimentation Couche-Tard Inc., the Canada-based convenience store giant, is looking to take over European retailer Carrefour SA in a deal that would create a global retail powerhouse.
Couche-Tard, whose banners include Circle K and Corner Store, said that it recently submitted a non-binding offer letter to Carrefour SA for a “friendly combination” at a price of €20.00 per Carrefour share. The offer would value Carrefour at 16.2 billion euros ($19.72 billion).
Couche-Tard has a worldwide total network of more than 14,200 stores. Its North American network consists of 9,261 convenience stores operated through 18 business units, including 14 in the United States covering 47 states and four in Canada covering all 10 provinces.Chain Storeage