Food Retail & Distribution

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Alimentation Couche-Tard Inc. and The Pantry, Inc. announces definitive merger agreement

7:00am EST

Alimentation Couche-Tard Inc:Announces definitive merger agreement under which Couche-Tard will acquire The Pantry in an all-cash transaction valued at $36.75 per share, with total enterprise value of about $1.7 bln including debt assumed.The terms of the agreement were unanimously approved by Boards of Directors of both companies.The transaction price represents premium of 27 pct to The Pantry's closing share price on Dec. 16, last trading day prior to public media reports that The Pantry, Inc. was exploring a potential transaction, and premium of 39 pct to the 30-day average share price ending on Dec. 16.

Alimentation Couche-Tard Inc. and The Pantry, Inc. announces definitive merger agreement

7:00am EST

Alimentation Couche-Tard Inc:Announces definitive merger agreement under which Couche-Tard will acquire The Pantry in an all-cash transaction valued at $36.75 per share, with total enterprise value of about $1.7 bln including debt assumed.The terms of the agreement were unanimously approved by Boards of Directors of both companies.The transaction price represents premium of 27 pct to The Pantry's closing share price on Dec. 16, last trading day prior to public media reports that The Pantry, Inc. was exploring a potential transaction, and premium of 39 pct to the 30-day average share price ending on Dec. 16.

Carrefour SA welcomes Península into the capital of its Brazilian subsidiary with 10 pct stake

2:15am EST

Carrefour SA:Says the Brazilian investment company Península, chaired by Abilio Diniz, is taking a 10 pct stake in its subsidiary in Brazil.Says this opening of the capital of the Brazilian subsidiary could also include a listing on the Brazilian stock exchange in the future.Península, through its Península II Fundo de Investimento em Participações fund, is investing an amount of 1.8 bln reais (525 mln Euros) to take a 10 pct stake in Carrefour's Brazilian subsidiary, valuing the company at 20.4 bln reais.Says in addition, Península holds options allowing it to raise its stake to a maximum level of 16 pct within the next five years.Says closing of the transaction is immediate.

Crawshaw Group Plc announces appointment of chief executive officer

2:00am EST

Crawshaw Group Plc:Appoints Noel Collett as the chief executive officer, and he is expected to take up his new role on March 01, 2015, when he will also be appointed as a director of Crawshaw.

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