Zabka Group S.A.

Couche‑Tard, via Circle K Polska, is offering 32 PLN per Żabka share and values the company at 32.62 billion PLN (USD 8.6 billion), representing a 2.3% premium. The takeover would expand the store network by more than 13,000 locations in Poland and Romania and increase the group's size to about 30,300 shops, raising the Europe share of worldwide outlets to roughly 60%. Couche‑Tard identified annual cost and revenue synergies of around USD 250 million, expects positive effects on the adjusted EBITDA margin from the outset and an EPS impact from the second year. The transaction is to be financed through fully committed credit facilities (arranged by JPMorgan); binding commitments from shareholders representing about 57% of the shares are in place, and a squeeze‑out and delisting are planned if 95% is reached. » More on de.investing.com

Alimentation Couche-Tard announces a voluntary takeover offer for all issued shares of the Zabka Group via subsidiary Circle K Polska at a price of 32 złoty per share. The transaction is to be debt-financed. Zabka shares then rose to 31.75 złoty, close to the offered price. » More on de.investing.com

Żabka stock jumped 9.3% to 30.65 PLN and reached 31 PLN intraday, triggered by reports of interest from a major Japanese retail group. The stock opened with a substantial gap above the prior close of 28.05 PLN and consolidated after the day’s high. Additionally, a cash dividend of 0.12 PLN per share has been recommended (ex‑date July 24, payment July 31), and H1 group figures are due on July 30; a partnership with PKO BP strengthens Żabka’s digital ambitions. The rise appears company-specific, while broader US indices eased slightly. » More on de.investing.com