Initial contact between the two companies came at the end of past year and Couche-Tard sent its first letter in early January, the source said.
Couche-Tard and Carrefour declined to comment.
Rothschild is advising Couche-Tard and Lazard is working with Carrefour, two sources with knowledge of the matter said.
"Food security is at the core of the strategic challenges of all developed nations", he said. "The no is polite but it's a clear and final no", Le Maire said.
Couche-Tard on Wednesday made a non-binding 20 euros per share offer for the French grocery group, largely in cash.
Carrefour employs 105,000 workers in France, its largest market, making it France's biggest private sector employer.
France's rejection of the deal less than 24 hours after talks were confirmed sparked grumbling in some business circles over how French President Emmanuel Macron, a former investment banker, is turning away foreign investment.
Lakers’ LeBron James is ready to leave Coca Cola and join PepsiCo
James will join the rising team of National Basketball Association and WNBA stars, reclaiming "MTN DEW". Now the chain is expected to enter a partnership with the second largest F&B company in the world.
Wall Street closes lower as banks, energy shares tumble
The Philadelphia semiconductor index also hit a record high with a big boost from Taiwan Semiconductor Manufacturing Co., Ltd. On U.S. exchanges 14.37 billion shares changed hands, compared with the 12.54 billion average for the last 20 sessions.
Tiger King's Doc Antle Charged with Felony Wildlife Trafficking and Animal Cruelty
In June, Stark was stripped of his USDA license after the agency said he had violated the Animal Welfare Act more than 100 times. The animals were seized during execution of a search warrant on August 15 and 16, 2019 at Wilson's Wild Animal Park.
"I'm not in favour of such a deal", Le Maire said on television channel France 5 on Wednesday. It offered a very brief statement confirming it was in receipt of Couche-Tard's solicitation.
"Food security is a strategic consideration for our country and one does not just hand over one of the large French distributors like that", Le Maire said.
Canadian Prime Minister Justin Trudeau, asked earlier about the prospects for a deal, said he would always be there to help Canadian firms succeed internationally. This would be new territory for Couche-Tard, which is mainly focused on gas stations in North America.
But this could be a plus in terms of preserving jobs, while a takeover could be interesting for Carrefour if it provided financial firepower for investments in areas like e-commerce.
Couche-Tard has a worldwide network of more than 14,200 stores and earned a net profit of $2.4 billion on sales of $54 billion in its last complete year.
With food retailers across the world benefiting from surging demand as more consumers stay home during the COVID-19 pandemic, Carrefour reported robust third-quarter results in France as well as other key markets in Brazil and Spain.
Chief Executive Alexandre Bompard has repeatedly said the retail sector was bound to consolidate and his mission was to ensure Carrefour emerges as a victor.
Conseillé:
-
Britain's Prince Harry happy despite royal split heartbreak, says confidant
Prince Harry is "heartbroken by the situation with his family" after his move to America, friend and ITV News anchor Tom Bradby has said.Pitbull Becomes Co-Owner Of NASCAR's Team Trackhouse
In addition to his role with Trackhouse and numerous other ventures, Pitbull will be attending the Daytona 500 on February 14. They welcomed me aboard, and now we're going to show the world NASCAR is not only a sport but it's a culture.Nigeria's inflation soars to 15.75%, highest since 2017
According to the report, the all items index which measures inflation increased from 14.87 percent in November to 15.75 percent. On month-on-month basis, the NBS explained that the Headline index increased by 1.61 percent in December 2020. -
Two test positive for virus on Australian Open plane
Tennis Australia said in a statement 24 of the affected passengers were players. Players and their teams will be tested every day during quarantine.Angel Cabrera, a two-time major victor , arrested in Brazil
Two federal police sources based in Rio separately confirmed to the Associated Press that Cabrera was the man arrested. Cabrera has been charged with assaulting his ex-girlfriend in Argentina, along with a misdemeanor charge of theft.Arthur Smith reaches deal to become Atlanta Falcons' new head coach
The Titans went 11-5 to win the AFC South but were eliminated from the playoffs Sunday with a 20-13 loss to Baltimore. Tennessee finished the regular season averaging 396.4 total yards per game, good for third in the NFL. -
Dubai's Emirates suspends flights to Sydney and Melbourne
This was made on known in a recent social media post on the popular micro-blogging site, Twitter by renowned broadcaster, Heidi Giokos.NASA finds 2020 to be hottest year on record
Dr Gavin Schmidt is the director of Nasa's Goddard Institute for Space Studies and joins The World Today for his insights. This is a unique development, meteorologists said, as the year reported the prevalence of the La Nina weather pattern.Les supporters du Real Madrid ont perdu la foi en Hazard
AS ne manque pas de tacler le Real Madrid en prenant Sergio Ramos en couverture de son édition du jour. Le club catalan défiera soit le Real Madrid , soit l'Athletic Bilbao en finale. -
Kia has a new logo, objective and strategy
The company plans to include electrified sedans, sport-utility vehicles and multipurpose vehicles in the new lineup. Bespoke modular bodies will offer corporate customers highly specialised vehicles for a range of applications.Anna Wintour responds to flap over Kamala cover
In one, Harris is seen wearing Converse sneakers and a black Donald Deal jacket; and standing in front of a pink-and-green drape. She apologized for not making enough room for Black stylists and photographers in the magazine.IRS pushes tax-filing season to February 12, free filing opens today
At this time, the IRS delay for accepting returns on February 12, 2020 does not change the due dates for any tax returns. The first scheduled date for IRS direct deposits after February 12, 2021 is February 26, 2021.