financetom
Business
financetom
/
Business
/
Caterer Sodexo weighs acquisition of US rival Aramark, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Caterer Sodexo weighs acquisition of US rival Aramark, Bloomberg News reports
Oct 3, 2024 1:37 AM

Sept 25 (Reuters) - French food catering firm Sodexo

is exploring a potential acquisition of its U.S. rival

Aramark ( ARMK ), Bloomberg News reported on Wednesday.

Sodexo has been periodically discussing the deal with food

and facilities management provider Aramark ( ARMK ) 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

sizeable acquisition, the report added.

Philadelphia-headquarterd Aramark ( ARMK ), which provides services

across 15 countries, has a market capitalization of over $9.8

billion, as per LSEG data.

Aramark ( ARMK ) declined to comment on the report. Sodexo did not

immediately respond to a Reuters request for comment late on

Wednesday.

Sodexo, which provided catering for the Paris Olympic Games

and the Paralympics this summer and spun off its voucher

business Pluxee at the start of February, is still

raising prices to cushion the impact of high inflation, though

at a slower pace.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Toyota considers investing in potential $42 billion buyout of key supplier
Toyota considers investing in potential $42 billion buyout of key supplier
May 25, 2025
By Maki Shiraki and Makiko Yamazaki TOKYO (Reuters) -Toyota Motor ( TM ) said it is exploring the possibility of investing in a potential buyout of key parts supplier Toyota Industries ( TYIDF ) - a buyout that reportedly could cost $42 billion. We are currently exploring various possibilities, including partial investment, the automaker said in a filing with the...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Japan is a test case for Trump's tariff deals. But talks may be tortuous
Japan is a test case for Trump's tariff deals. But talks may be tortuous
May 25, 2025
TOKYO/WASHINGTON (Reuters) -When Tokyo's top trade negotiator met U.S. President Donald Trump for tariff talks at the White House earlier this month, he presented him with a gold-coloured piggy bank.     One detail, seemingly unnoticed by those in the room, is that the gift was made in China, the focal point for Trump's sweeping trade war that has engulfed Japan...
Toyota considers investing in potential $42 billion buyout of key supplier
Toyota considers investing in potential $42 billion buyout of key supplier
May 25, 2025
By Maki Shiraki and Makiko Yamazaki TOKYO, April 27 (Reuters) - Toyota Motor ( TM ) said it is exploring the possibility of investing in a potential buyout of key parts supplier Toyota Industries ( TYIDF ) - a buyout that reportedly could cost $42 billion. We are currently exploring various possibilities, including partial investment, the automaker said in a...
Copyright 2023-2026 - www.financetom.com All Rights Reserved