Event non-ATF Mobile

Caltex Australia Received Amended, Conditional, Nonbinding & Indicative Proposal From ATD

  • February 13, 2020 01:22 PM AEDT
  • Team Kalkine

Caltex Australia Limited (ASX: CTX) has obtained an amended, conditional, non-binding & indicative offer from Alimentation Couche-Tard Inc (ATD) for the acquisition of all the shares in Caltex by means of a scheme of arrangement at $35.25 every share.

ATD has revised the proposal following provision of selected non-public information by Caltex to ATD which depends on various conditions like

  • Completing due diligence
  • Agreeing to the terms of a scheme implementation agreement.
  • No material asset acquisitions or divestment
  • Capital raising
  • Capital management initiatives or similar transactions
  • Unanimous recommendation by the Caltex Board and approval of the ATD Board



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