Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn

Company News Summary

Caltex Australia Provides Update On The Proposal From Alimentation Couche-Tard

03 Dec 2019  |  09:33:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Update on the Proposal from Alimentation Couche-Tard

Caltex Australia referred to its announcement that it had received an unsolicited, conditional, confidential, non-binding and indicative proposal from Alimentation Couche-Tard (ATD) to acquire all of the shares in Company by way of scheme of arrangement at an indicative cash price of A$34.50 per share less any dividends declared by Company (Proposal). The Company announced that the Board has concluded that the Proposal undervalues the Company and does not represent compelling value for Company's shareholders. However, the Company Board has offered to provide ATD with selected non-public information to allow ATD to formulate a revised proposal. The Company Board has carefully considered the Proposal, including obtaining advice from its financial, legal and tax advisers.

Please click here for full details

See more ASX300 News Announcements