The takeover attempt suggests the Canadian firm is ready to broaden its scope of business as it pursues a five-year plan to double earnings by 2023
QUEBEC: Executives at Alimentation Couche-Tard Inc stumbled into the quagmire of French politics with an attempt to take over Carrefour SA – they’ll have to explain what they were thinking.
The companies announced the end of negotiations on Saturday, four days after Bloomberg first reported the talks, following a sharp rejection from the French government. The two sides said they’ll work instead on a looser alliance in areas including fuel purchasing and product distribution.
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