Alimentation Couche-Tard Inc T.ATD

Pursuing Strategic Partnerships - Update on Monday

[GeorgianBayGuy]

Canada's Couche-Tard to explore partnership opportunities with Carrefour, after takeover plan fails  2021-01-16 03:01:56 PM ET (Reuters)

 

Jan 16 (Reuters) - Canada's Alimentation Couche-Tard and European retailer Carrefour SA have decided to work on partnership opportunities after takeover talks failed, the two companies said in a joint statement on Saturday.

 

Couche-Tard dropped its 16.2 billion euro ($19.57 billion) bid for Carrefour after the French government opposed the deal, citing food security concerns.

 

The decision to end merger talks came after a meeting on Friday between French Finance Minister Bruno Le Maire and Couche-Tard's founder and chairman, Alain Bouchard.

 

"Food security is strategic for our country so that's why we don't sell a big French retailer. My answer is extremely clear: We are not in favour of the deal. The no is polite but it's a clear and final no," Le Maire said.

 

The Canadian firm had submitted a non-binding offer letter earlier this month to buy European retail giant at a price of 20 euros per share. The com panies said they have decided to extend their discussions to examine opportunities for sharing practices on fuel purchases, partnering on private labels and distribution in overlapping networks.

 

"The discussed areas for cooperation align with our five-year strategic plan, as well as our commitment to strengthening our core convenience and fuel business and pursuing opportunities in multiple,related growth platforms," Couche-Tard Chief Executive Brian Hannasch said.

Alimentation Couche-Tard Inc. (the "Company") (TSX: ATD.A) (TSX: ATD.B) will host a conference call with analysts to discuss the Company's strategic goals and the opportunities it sees for operational partnerships with Carrefour SA going forward.

 

    --  When: Monday, January 18, 2021

    --  Time: 8:00 a.m. EST

    --  Live call dial-in: [phone] (NA toll-free) or (416)

        764-8682 (International)

    --  Conference ID: 72819822#

 

Webcast: A live webcast of the call can be accessed from the Investor Relations section of Couche-Tard's website at https://corpo.couche-tard.com/en/investor-relations/corporate-presentations/. The webcast will be archived and available for replay following the call.

[Luxor63]

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[Luxor63]

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[Lawyerup]

Interesting development.  Just looking at the size of these two companies in Europe this is positive news for Couche-Tard shareholders.  It means these two giants would have synergies of scale in terms of their businesses.  It also means they will be working together in Europe which might open the door down the road with Couche-Tard buying some Carrefour stores in some European

[bluebeard123]

Couche Tard says the deal has been dropped. Hopefully now my shares will recover back to what it was before the Carrefour announcement. I like Couche Tard as a c-store company. It has 20% compound rate of growth in earnings.

[Zoltar4kingrite]

im confused?? so i dont have to spend 30 billion, i will help you with your synergies,and i recieve nothing in return...unless i buy a bunch of your sales and they go up...i personally think atd mangement is better than carrefour, so how much does a strategic partnership cost? and benefits does the ATD shareholder recieve $$$? shares in carrefour? show me the money or i'm out...

[naissance]

Carrefour will buy Alimentation Couche-Tard ; the founders have the contol and couls sell it tomorrow if they want but after December 2021 their multiple voting will expire.

[BlueJay2020]

If you want to sell me your shares for under $40, then give me a call!

[Zoltar4kingrite]

Sure mr bj...on the open...be there

[StockGuru454]

if you sell at under 40 tomorrow your hands down the worst financial investor I've met. I hope to god your not investing for clients because if that was my money and you pulled outta couche at that price you'd be getting slapped so hard all of us here at stockhouse would be talking about the shooting star we seen lastnight blasting across the atmosphere

[Cornel2020]

BJ is right, tomorrow shares are going to be above $40!