Thursday, May 10, 2007

Carrefour shares rise on buyout talk: traders

(Reuters) - One dealer quoted speculation that an LBO would be backed by French billionaire Bernard Arnault, who together with property fund Colony Capital owns 9.1 percent of Carrefour. Their raid on the supermarket group in March first sparked bid talk.

A Carrefour spokeswoman said the company had no comment to make. No one at Groupe Arnault or Colony Capital could immediately be reached.


Read more at Reuters.com Hot Stocks News

No comments: