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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Casino Guichard Perrachon | EU:CO | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0013 | -4.08% | 0.0306 | 0.0306 | 0.0317 | 0.033 | 0.0306 | 0.0316 | 42,521,748 | 16:40:00 |
By WSJ Staff
Casino Guichard-Perrachon SA (CO.FR), also known as Casino Group, said Sunday it was contacted by Carrefour SA (CA.FR) over the past few days "with a view to a possible combination."
In a news release, Casino said its board met Sunday and unanimously decided to "reject Carrefour's approach."
"Casino thus intends to take all necessary action to defend the group's corporate interest, and its structural integrity, a key factor for the success of its strategy," the company said.
Casino, a retailer that is based in the French city of Saint-Étienne, "acknowledged the barriers, in France and in Brazil, to a combination with Carrefour, especially in terms of competition and employment."
In a separate news release, retailer Carrefour denied having solicited Casino. Carrefour is based in Boulogne-Billancourt, a commune in the western suburbs of Paris.
(END) Dow Jones Newswires
September 24, 2018 00:26 ET (04:26 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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