Caltex enters confidentiality agreement with ACT

CALTEX has entered into a confidentiality agreement with Canada’s Alimentation Couche-Tard, following its acquisition proposal, in order to maintain its shareprice as the companies continue to negotiate.

Still no certainty on a deal

16 January 2020
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In November Caltex received an unsolicited, confidential and non-binding takeover offer from Couche-Tard of $34.50 per share, or A$6.8 billion.

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