On October 11, 2012, share price of Controladora Comercial Mexicana SAB DE CV shot up to nearly 4% due to the report that the company may be acquired by Grupo Comercial Chedraui, S.A.B. DE C.V. Excelsior daily reported quoting several sources as saying that there are talks between Comercial Mexicana and Chedrau. The news report stated that neither Comercial Mexicana nor Chedrau were available for comments.