ATD

COVID-19 puts Caltex deal on ice

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  Couche-Tard (ATD) has shelved their acquisition plans for Caltex amid the uncertainty and negative financial impact of COVID-19. The Canadian convenience giant has announced that while they view Caltex as a ‘strong strategic fit’ for their brand and an ‘important component for its Asia Pacific expansion strategy’, they will not proceed with the $8.8 billion […]

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Caltex to grant Couche-Tard ‘due diligence’

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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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