Sodexo mulls acquisition of food service competitor Aramark
WEB1 day ago · French food services company Sodexo is considering the acquisition of U.S.-based facilities management and food service competitor Aramark as part of its strategy for international expansion, Bloomberg News eported Thursday. Revenue for Sodexo’s North America business accounted for 46% of its fiscal year 2023 revenue, which grew organically 9% year over year to approximately $3.24 billion in ...
Caterer Sodexo weighs acquisition of US rival Aramark, Bloomberg News …
WEB2 days ago · Sodexo is exploring a potential acquisition of its U.S. rival Aramark , Bloomberg News reported on Wednesday, sending the shares of the French food catering firm lower on Thursday.
Sodexo Buying Aramark Would Buck Trend of US Deals in Europe
WEB1 day ago · September 26, 2024 at 8:44 AM EDT. Save. A potential $10 billion acquisition of catering firm Aramark by France’s Sodexo SAwould go against the typical pattern of American companies targeting ...
Sodexo considering takeover of Aramark; shares surge- Bloomberg
WEB2 days ago · Aramark has a market capital of $9.83 billion, according to Investing.com data. Sodexo, who recently catered to the 2024 Olympics in Paris, is seeking to expand further into international markets.
M&A News: U.S. Food Company Aramark Could be Bought by French Rival Sodexo
WEB1 day ago · Aramark’s market capitalization stood at $9.82 billion on September 25, before the reports on the potential deal started surfacing. Sodexo has been in the news lately, as it served as the ...
Sodexo buying Aramark would buck trend of US deals in Europe
WEB1 day ago · Sodexo is exploring a possible acquisition of Philadelphia-based Aramark, people familiar with the matter told Bloomberg News. Aramark shares were up 3.5% to $38.51 a share as of 9:55 a.m. in New ...
Sodexo mulls acquiring Aramark - restaurantbusinessonline.com
WEB6 hours ago · According to the Bloomberg article, Sodexo has reportedly been discussing acquiring Aramark over the past few months to grow its presence overseas. After news of the rumored acquisition broke, Aramark shares spiked by as much as 13% in after-hours trading in New York. Meanwhile, Sodexo shares dropped by …
Olympics Caterer Sodexo Weighs Acquisition of Aramark - MSN
WEBWhat Bloomberg Intelligence Says. Sodexo’s potential Aramark acquisition — based on Bloomberg News reports — may need a significant equity component, given Sodexo’s leverage goal of 1-2x.
Caterer Sodexo weighs acquisition of US rival Aramark, Bloomberg News …
WEBStory by Reuters. • 10m. (Reuters) - French food catering firm Sodexo is exploring a potential acquisition of its U.S. rival Aramark, Bloomberg News reported on Wednesday. Sodexo has been ...
Aramark: Switching To Sodexo After M&A Talk - Seeking Alpha
WEB15 hours ago · Valuation for Aramark and Sodexo - there's a way to play this. Aramark's valuation is currently not favorable. The company has 14 analysts following the business, going from $38 to $42 with an ...
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