Couche-Tard reaches US$4.4-billion deal to buy Texas-based CST

LAVAL, Que. – Alimentation Couche-Tard Inc. has announced a US$4.4-billion friendly deal to buy Texas-based CST Brands Inc..
The announcement comes after news of a possible deal between the two convenience store companies became public last week.
Quebec-based Couche-Tard (TSX:ATB.B) says it will pay US$48.53 cash per share of CST Brands. The total value of the deal includes assumed debt that Couche-Tard will assume.
CST employs 14,000 people at more than 2,000 locations in the southwestern United States.
It will be added to Couche-Tard’s already extensive network in the United States, which operates primarily under the Circle K brand of convenience stores and filling stations.
In Canada, Couche-Tard owns the Mac’s and Couche-Tard chains.

Comments

comments