Watch Underperforming Elephants First, the Carrefour deal has low probability of going through but I've seen lots of ppl scratching their heads about why Couche would go after CF. After all, it's an elephant of a grocery chain and not really that profitable.
My family has been privately buying auto body shops and dealerships for years (they own around 20 or so). I asked my father what the strategy is for a takeover, to which he replied, "find the worst performer in the business that you are a leader in. Buy for what it is currently worth. Apply your proven recipe for success. The poorest performer has the farthest to run". This is likely what Couche was/is doing. They have a proven track record and recipe for success (globally) and tons of cash in the bank. If not Carrefour, watch out for some other underperforming elephant!