Couche-Tard, with more than 5,900 U.S. c-stores, is No.
ALIMENTATION COUCHE-TARD INC. : Forcasts, revenue, earnings, analysts expectations, ratios for ALIMENTATION COUCHE-TARD INC. Stock | ATD.B |
Couche-Tard is the original brand of Alimentation Couche-Tard.
Today, the Commission takes $3.5 million in civil penalties from Alimentation Couche-Tard Inc. and its former affiliate CrossAmerica Partners to settle allegations that the "remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); } Couche-Tard, ex-affiliate settle case with US$3.5-million civil penalty over FTC violation Couche-Tard quarterly revenue tops estimates, helped by panic buyingCouche-Tard calls off US$5.6-billion Caltex Australia deal due to COVID-19, oil uncertainty Due to technical reasons, we have temporarily removed commenting from our articles.
If you would like to write a letter to the editor, please forward it to Welcome to The Globe and Mail’s comment community. A sale of all the properties could fetch in the range of US$4-billion.Couche-Tard has about 7,300 U.S. stores in all, most of them gas stations that also sell food and drinks.The Globe and Mail is not naming the person because they were not authorized to speak about the matter.Striking an agreement to sell service stations near Speedway locations is chiefly about satisfying U.S. antitrust rules limiting single-ownership concentration of gas stations in specific geographies, the person said.
And if there are interesting assets or companies at the right price and the timing makes sense … we’re ready,” Mr. Hannasch said.Couche-Tard had access to US$4.7-billion in cash and credit as of the end of April, according to its financial statements.Laurence Leroux, a spokesperson for Couche-Tard, declined to comment Thursday. This is a space where subscribers can engage with each other and Globe staff. The retailer is looking for a buyer for its own stores that overlap with Speedway, the newspaper said. But it’s also possible it could keep those stores and divest part of Speedway. It operates under Circle K, Ingo, Couche-Tara brands. Takeover multiples, which show what an investor is willing to pay per dollar of earnings, are just one element of a convenience store sector poised for transformation in the months ahead, he said.“We’re sitting here with a good cash position. Couche-Tard can’t do an overall deal if it doesn’t have a willing partner to take overlapping stores, the person said.Speedway and its 3,800 sites are widely considered to be a trophy asset.
The company was founded by Alain Bouchard, Jacques D’Amours, Richard Fortin, and Réal Plourde in 1980 and is headquartered in Laval, Canada. Winning Speedway could cost upward of US$15-billion, dwarfing any of the Canadian company’s previous acquisitions.To make a transaction work, Couche-Tard is looking for a buyer for an estimated 1,200 fuelling stations it would likely have to divest to buy Speedway, the person said. Trump looks to extend pause of student-loan payments as advocates warn: ‘Economic crisis has no end in sight’
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