Couche-Tard still interested in Caltex Australia – Reuters

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Alimentation Couche-Tard (OTCPK:ANCUF +4.3%) says that it still wants to acquire Caltex Australia, despite global market.

CEO Brian Hannasch said that Couche-Tard is in the middle of due diligence process.

Hannasch said he expects the global landscape for credit and acquisition multiples would change dramatically.

Caltex’s shares hit a more than six-year low then rose 3.1% to 20.39 after Hannasch’s comments, but remains well below Couche-Tard’s offer price of A$35.25/share.

Source: dailystockbuzz

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