Caltex Australia gives due diligence access to Couche-Tard

Feb 17 (Reuters) – Takeover target Caltex Australia Ltd said on Monday it would allow Alimentation Couche-Tard Inc to conduct additional due diligence, after the Canadian firm raised its buyout offer to A$8.80 billion ($5.91 billion) last week. Caltex, the oil refiner and convenience store firm, said in a statement its board believed it was in the interests of shareholders to engage further with Couche-Tard. The company said the due diligence will be on a non-exclusive basis. ($1 = 1.4883 Australian dollars) (Reporting by Niyati Shetty in Bengaluru; Editing by David Gregorio)

Written by ideasexplorer

An incurably curious mind that loves to learn about culture, society, history, the environment, and so much more! Join me in exploring the ideas of yesterday, today, and tomorrow!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: