Technology, Consumer Staples Oct 11, 2021 01:27 PM (GMT+8)
According to media reports citing people familiar with the matter, Auchan, a French retail giant, recently approached to acquire rival Carrefour, and the negotiations between the two sides were deadlocked due to price issues. According to people familiar with the matter, Auchan's valuation of Carrefour's transaction is about 21 euros per share, with a total market value of about 16.6 billion euros (19.2 billion dollars). Carrefour's management and major shareholders believe that the valuation range of 20 euros - 21.25 euros is too low. In addition, the trading structure of cash and stock trading is also the point of disagreement in the negotiations. At present, the negotiations between the two sides have been suspended, and it is unclear whether the negotiations will be restarted.
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