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Caltex Australia inks confidentiality deal with Couche-Tard in hopes of higher offer

Published 16/01/2020, 08:59 am
© Reuters.  Caltex Australia inks confidentiality deal with Couche-Tard in hopes of higher offer
Caltex Australia Limited
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ATDb
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Jan 16 (Reuters) - Caltex Australia CTX.AX said on Thursday it entered a confidentiality agreement with Alimentation Couche-Tard ATDb.TO to provide selected non-public information in the hopes that the Canadian firm will raise its takeover offer

The agreement comes at a time where interest for the Australian petrol pump and convenience store operator is building from a number of parties, including UK-based EG Group. had earlier rejected a A$8.6 billion ($5.94 billion) offer in November from Couche-Tard at A$34.50 per share, saying the offer undervalued the company. ($1 = 1.4484 Australian dollars)

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