{"id":414171,"date":"2021-01-13T09:22:03","date_gmt":"2021-01-13T14:22:03","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=414171"},"modified":"2021-01-13T09:22:03","modified_gmt":"2021-01-13T14:22:03","slug":"alimentation-couche-tard-confirms-submission-of-a-non-binding-offer-letter","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/alimentation-couche-tard-confirms-submission-of-a-non-binding-offer-letter\/","title":{"rendered":"Alimentation Couche-Tard Confirms Submission of A Non-Binding Offer Letter"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">LAVAL, QC<\/span>, <span class=\"xn-chron\">Jan. 13, 2021<\/span> \/PRNewswire\/ &#8211; Alimentation Couche-Tard Inc. (&#8220;Couche-Tard&#8221; or the &#8220;Company&#8221;) (TSX: ATD.A) (TSX: ATD.B) confirms that it has recently submitted a non-binding offer letter to Carrefour SA for a friendly combination at a price of \u20ac20.00 per Carrefour share (coupon attached). The terms of the transaction are under discussion and remain subject to diligence, but the consideration is currently expected to be in cash in large majority.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1419882\/Alimentation_Couche_Tard_Inc__Alimentation_Couche_Tard_Confirms.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1419882\/Alimentation_Couche_Tard_Inc__Alimentation_Couche_Tard_Confirms.jpg\" title=\"Alimentation Couche-Tard inc. (CNW Group\/Alimentation Couche-Tard Inc.)\" alt=\"Alimentation Couche-Tard inc. (CNW Group\/Alimentation Couche-Tard Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>There can be no certainty at this stage that these discussions will result in any agreement or transaction. In considering strategic transactions, Couche-Tard will remain focused on creating stakeholder value. Couche-Tard will keep the public informed of any material developments in this respect if and when it is legally required or otherwise appropriate for the Company to do so.<\/p>\n<p>\n        <b>About Alimentation Couche-Tard Inc.<\/b>\n      <\/p>\n<p>Couche-Tard is the leader in the Canadian convenience store industry, with a market cap of approximately <span class=\"xn-money\">C$46 billion<\/span> as at <span class=\"xn-chron\">January 12, 2021<\/span>. In <span class=\"xn-location\">the United States<\/span>, it is the largest independent convenience store operator in terms of the number of company-operated stores. In <span class=\"xn-location\">Europe<\/span>, Couche-Tard is a leader in convenience store and road transportation fuel retail in the Scandinavian countries (<span class=\"xn-location\">Norway<\/span>, <span class=\"xn-location\">Sweden<\/span> and <span class=\"xn-location\">Denmark<\/span>), in the <span class=\"xn-location\">Baltic<\/span> countries (<span class=\"xn-location\">Estonia<\/span>, <span class=\"xn-location\">Latvia<\/span> and <span class=\"xn-location\">Lithuania<\/span>), as well as in <span class=\"xn-location\">Ireland<\/span>, and has an important presence in <span class=\"xn-location\">Poland<\/span>.<\/p>\n<p>As of <span class=\"xn-chron\">October 11, 2020<\/span>, Couche-Tard&#8217;s network comprised 9,261 convenience stores throughout <span class=\"xn-location\">North America<\/span>, including 8,085\u00a0stores with road transportation fuel dispensing. Its North American network consists of 18\u00a0business units, including 14\u00a0in <span class=\"xn-location\">the United States<\/span> covering 47\u00a0states and 4 in <span class=\"xn-location\">Canada<\/span> covering all 10 provinces. Approximately 109,000 people are employed throughout its network and at its service offices in <span class=\"xn-location\">North America<\/span>.<\/p>\n<p>In <span class=\"xn-location\">Europe<\/span>, Couche-Tard operates a broad retail network across Scandinavia, <span class=\"xn-location\">Ireland<\/span>, <span class=\"xn-location\">Poland<\/span>, the Baltics and <span class=\"xn-location\">Russia<\/span> through 10 business units. As of <span class=\"xn-chron\">October 11, 2020<\/span>, Couche-Tard&#8217;s network comprised 2,722\u00a0stores, the majority of which offer road transportation fuel and convenience products while the others are unmanned automated fuel stations which only offer road transportation fuel. Couche-Tard also offers other products, including aviation fuel and energy for stationary engines. Including employees at branded franchise stores, approximately 22,000 people work in its retail network, terminals and service offices across <span class=\"xn-location\">Europe<\/span>.<\/p>\n<p>In addition, under licensing agreements, more than 2,220 stores were operated under the Circle\u00a0K banner in 15\u00a0other countries and territories (<span class=\"xn-location\">Cambodia<\/span>, <span class=\"xn-location\">Egypt<\/span>, <span class=\"xn-location\">Guam<\/span>, <span class=\"xn-location\">Guatemala<\/span>, <span class=\"xn-location\">Honduras<\/span>, <span class=\"xn-location\">Hong Kong<\/span>, <span class=\"xn-location\">Indonesia<\/span>, <span class=\"xn-location\">Jamaica<\/span>, <span class=\"xn-location\">Macau<\/span>, <span class=\"xn-location\">Mexico<\/span>, <span class=\"xn-location\">Mongolia<\/span>, New\u00a0Zealand, <span class=\"xn-location\">Saudi Arabia<\/span>, the <span class=\"xn-location\">United Arab Emirates<\/span> and <span class=\"xn-location\">Vietnam<\/span>), which brings the worldwide total network to more than 14,200 stores.<\/p>\n<p>\n        <i>For more information on Alimentation Couche-Tard Inc. or to consult its quarterly Consolidated Financial Statements and Management Discussion and Analysis, please visit: <\/i><br \/>\n        <i><br \/>\n          <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3036183-1&amp;h=4251998156&amp;u=https%3A%2F%2Fcorpo.couche%E2%80%93tard.com%2F&amp;a=https%3A%2F%2Fcorpo.couche%E2%80%93tard.com\" rel=\"nofollow noopener noreferrer\">https:\/\/corpo.couche\u2013tard.com<\/a><br \/>\n        <\/i><br \/>\n        <i>.<\/i>\n      <\/p>\n<p>\n        <b>Forward-Looking Statements<\/b>\n      <\/p>\n<p>The statements set forth in this press release, which describes Couche-Tard&#8217;s objectives, projections, estimates, expectations or forecasts, may constitute forward looking statements within the meaning of securities legislation. Positive or negative verbs such as &#8220;believe&#8221;, &#8220;can&#8221;, &#8220;shall&#8221;, &#8220;intend&#8221;, &#8220;expect&#8221;, &#8220;estimate&#8221;, &#8220;assume&#8221; and other related expressions are used to identify such statements. Couche-Tard would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results, or the measures it adopts, could differ materially from those indicated in or underlying these statements, or could have an impact on the degree of realization of a particular projection. Major factors that may lead to a material difference between Couche Tard&#8217;s actual results and the projections or expectations set forth in the forward-looking statements include the effects of the integration of acquired businesses and the ability to achieve projected synergies, uncertainty related to the duration and severity of the current COVID-19 pandemic, fluctuations in margins on motor fuel sales, competition in the convenience store and retail motor fuel industries, exchange rate variations, and such other risks as described in detail from time to time in the reports filed by Couche-Tard with securities regulatory authorities in <span class=\"xn-location\">Canada<\/span>. Unless otherwise required by applicable securities laws, Couche-Tard disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking information in this release is based on information available as of the date of the release.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=MO47571&amp;sd=2021-01-13\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/alimentation-couche-tard-confirms-submission-of-a-non-binding-offer-letter-301207582.html\">http:\/\/www.prnewswire.com\/news-releases\/alimentation-couche-tard-confirms-submission-of-a-non-binding-offer-letter-301207582.html<\/a><\/p>\n<p>SOURCE  Alimentation Couche-Tard Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=MO47571&amp;Transmission_Id=202101130918PR_NEWS_USPR_____MO47571&amp;DateId=20210113\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire LAVAL, QC, Jan. 13, 2021 \/PRNewswire\/ &#8211; Alimentation Couche-Tard Inc. (&#8220;Couche-Tard&#8221; or the &#8220;Company&#8221;) (TSX: ATD.A) (TSX: ATD.B) confirms that it has recently submitted a non-binding offer letter to Carrefour SA for a friendly combination at a price of \u20ac20.00 per Carrefour share (coupon attached). The terms of the transaction are under discussion and remain subject to diligence, but the consideration is currently expected to be in cash in large majority. There can be no certainty at this stage that these discussions will result in any agreement or transaction. In considering strategic transactions, Couche-Tard will remain focused on creating stakeholder value. Couche-Tard will keep the public informed of any material developments in this respect if and when it &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/alimentation-couche-tard-confirms-submission-of-a-non-binding-offer-letter\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Alimentation Couche-Tard Confirms Submission of A Non-Binding Offer Letter&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-414171","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Alimentation Couche-Tard Confirms Submission of A Non-Binding Offer Letter - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/alimentation-couche-tard-confirms-submission-of-a-non-binding-offer-letter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alimentation Couche-Tard Confirms Submission of A Non-Binding Offer Letter - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire LAVAL, QC, Jan. 13, 2021 \/PRNewswire\/ &#8211; Alimentation Couche-Tard Inc. (&#8220;Couche-Tard&#8221; or the &#8220;Company&#8221;) (TSX: ATD.A) (TSX: ATD.B) confirms that it has recently submitted a non-binding offer letter to Carrefour SA for a friendly combination at a price of \u20ac20.00 per Carrefour share (coupon attached). The terms of the transaction are under discussion and remain subject to diligence, but the consideration is currently expected to be in cash in large majority. There can be no certainty at this stage that these discussions will result in any agreement or transaction. In considering strategic transactions, Couche-Tard will remain focused on creating stakeholder value. 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(&#8220;Couche-Tard&#8221; or the &#8220;Company&#8221;) (TSX: ATD.A) (TSX: ATD.B) confirms that it has recently submitted a non-binding offer letter to Carrefour SA for a friendly combination at a price of \u20ac20.00 per Carrefour share (coupon attached). The terms of the transaction are under discussion and remain subject to diligence, but the consideration is currently expected to be in cash in large majority. There can be no certainty at this stage that these discussions will result in any agreement or transaction. In considering strategic transactions, Couche-Tard will remain focused on creating stakeholder value. Couche-Tard will keep the public informed of any material developments in this respect if and when it &hellip; Continue reading \"Alimentation Couche-Tard Confirms Submission of A Non-Binding Offer Letter\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/alimentation-couche-tard-confirms-submission-of-a-non-binding-offer-letter\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-13T14:22:03+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1419882\/Alimentation_Couche_Tard_Inc__Alimentation_Couche_Tard_Confirms.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/alimentation-couche-tard-confirms-submission-of-a-non-binding-offer-letter\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/alimentation-couche-tard-confirms-submission-of-a-non-binding-offer-letter\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Alimentation Couche-Tard Confirms Submission of A Non-Binding Offer Letter","datePublished":"2021-01-13T14:22:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/alimentation-couche-tard-confirms-submission-of-a-non-binding-offer-letter\/"},"wordCount":710,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/alimentation-couche-tard-confirms-submission-of-a-non-binding-offer-letter\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1419882\/Alimentation_Couche_Tard_Inc__Alimentation_Couche_Tard_Confirms.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/alimentation-couche-tard-confirms-submission-of-a-non-binding-offer-letter\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/alimentation-couche-tard-confirms-submission-of-a-non-binding-offer-letter\/","name":"Alimentation Couche-Tard Confirms Submission of A Non-Binding Offer Letter - 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