Carrefour denies mysterious bid for rival Casino

Supermarket retailer Casino has prompted bid mystery in France after saying it had rejected a tie-up approach from Carrefour, only for Carrefour to deny making any such offer.
Casino - the fourth-largest grocer in the country - said it had been contacted by Carrefour, the second-largest player, in recent days over a possible tie-up, but noted regulatory hurdles to any such deal given their market strength.
In a statement, Casino said its board of directors had met on Sunday and "unanimously decided to reject Carrefour's approach"."The board unanimously reiterated its entire confidence in Casino's strategy for value creation based on its unique market positioning," Casino said.:: Tesco moves to bolster value through Carrefour deal