Żabka shares surge over 10% after Couche-Tard announces planned takeover bid

Żabka shares jumped over 10% at the opening of Friday's trading session after Alimentation Couche-Tard announced plans to launch a tender offer for 100% of Żabka Group shares. It is one of the biggest single-session gains for the Polish convenience chain since its stock market debut. Investors reacted enthusiastically to the prospect of a full takeover.