share: The Caltex board is considering the 34.50 per share cash offer after rejecting an earlier bid of 32 per share as inadequate, according to Nine News Australia. The discussions between Caltex and ACT are at a preliminary stage, the proposal is highly conditional and there is no certainty that these discussions will result in a transaction, Caltex said today. To improve your experience update it here News National Caltex board ponders 8.6 billion takeover offer By AAP1 58pm Nov 26, Australia has received an 8.6 billion unsolicited takeover offer from Canadian convenience store operator Alimentation Couche-Tard. The offer is subject to a number of conditions including due diligence, obtaining financing, Foreign Investment Review Board approval and a unanimous recommendation by the Caltex board. Getty Toronto Stock Exchange-listed Couche-Tard operates over 15,000 convenience stores in North America and Europe, mostly under the Circle K brand. Caltex Australia is the target of a 8.6 billion unsolicited takeover offer from a Canadian retail giant.
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