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Caltex to grant Couche-Tard ‘due diligence’

Caltex have agreed to allow Alimentation Couche-Tard (ATD) to undertake ‘due diligence’ as it weighs up the Canadian giant’s final takeover bid. C&I reported last week ATD had placed a final bid of $8.8 billion. The latest move, reported by Reuters, was outlined in a statement from the board to shareholders yesterday stating it was

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Coles underpay staff by $20 million

Coles are the latest company to find themselves embroiled in an underpayment scandal. The supermarket giant was found to have underpaid both supermarket and liquor (salaried) managers by up to $20 million over a six year period. The error was announced in the retailer’s 2020 half-yearly results, released this morning, in which they stated their

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TPG-Vodafone merger given green light

The proposed $15 billion merger of Vodafone and TPG has been given the green light by the Federal Court, stating they did not consider it would lessen competition. Vodafone welcomed the decision, with VHA chief executive officer Iñaki Berroeta saying it would allow for ‘greater investment’ in 5G and other next generation networks. “It’s been

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Why more of us will order milk from the couch

There’s even more chances to fix your late night snack cravings or save tomorrow’s breakfast – and you don’t even have to leave the couch. BP Australia have expanded their Couchfood home delivery service to 120 stores after partnering with Deliveroo. Launched last year (initially available through UberEats), the on-demand service allows customers to order

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Couche-Tard make final Caltex bid

Canadian conglomerate Couche-Tard have put forward their final bid for Caltex. Caltex confirmed this morning they had received the revised bid from Alimentation Couche-Tard (ATD) to acquire all shares at a price of A$35.25 per share (less dividends). The deal is estimated to be worth $8.8 billion. The higher bid follows Caltex sharing non-public information

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ATO and NSW Police bust another illegal tobacco operation

Another illegal tobacco operation has been shut down. Officers from NSW Police and Australian Taxation Office discovered the 10.3 tonne haul near Goulburn last week. The operation included a hothouse and three kilns on site – one which was in the process of drying tobacco during the search, as well as four acres of tobacco

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Australia’s first Superspar store opens

The first Superspar store is now open on the Gold Coast. Spar Australia officially opened the larger format store – known in Europe as Eurospar, in Crestwood Plaze, Molendinar earlier this year. The larger format store is catered towards families and features both an expanded range of stock across fresh food, groceries, non-foods and also

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