French store bid off
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.French store bid off
Promodes, the French supermarket group, has decided to cancel its takeover bid for Rallye, its rival after it failed to win a majority stake. Promodes had reserved the right to withdraw its bid if acceptance was less than 50.1 per cent, it said. Promodes' bid was accepted by holders of just 10.55 per cent of Rallye's capital. Promodes launched the bid for Rallye on 1 September, at the same time as its bid for Casino. It was offering Fr420 for Rallye ordinary shares and Fr470.40 for its convertible bonds.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments