News Formal

Sodexo eyes potential acquisition of US rival Aramark

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 20 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 92%

Sodexo Notizia

Eyes,Potential,Acquisition

SODEXO is exploring a potential acquisition of its US rival Aramark, Bloomberg News reported on Wednesday, sending the shares of the French food catering firm lower on Thursday.

Sodexo has been periodically discussing the deal with food and facilities management provider Aramark in recent months, the report said, citing people familiar with the matter.However, there is no guarantee that the talks will lead to a deal and, in any case, a potential deal could face antitrust scrutiny. Sodexo would also need to secure the funds for such a sizable acquisition, the report added.

'The move in Aramark's share price yesterday would suggest that Sodexo will have to pay up for the shares,' Morningstar analyst Michael Field said on Thursday.Sodexo's shares fell 7 percent by 0810 GMT , among the worst performers on Europe's benchmark STOXX 600 index.Earlier in the session, they touched their lowest price since late February at 68.10 euros per share.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 2. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Global news industry launches ‘Choose Truth’ campaign ahead of World News DayThe global 'Choose Truth' campaign was launched on Tuesday, September 24, as part of the lead-up to World News Day on September 28. 
Fonte: manilabulletin - 🏆 25. / 51 Leggi di più »