Caltex Australia Limited (ASX: CTX) confirmed that it has recently received a proposal from Alimentation Couche-Tard Inc. (ACT) to acquire all the shares in Caltex. The acquisition will be by way of a scheme of arrangement at an indicative cash price of $34.50 cash per share less any dividends declared by Caltex.
- The discussions between Caltex and ACT are at an initial stage;
- The proposal is highly conditional and there is no certainty that these discussions will result in a transaction.
At AEST 01:09PM, the stock was trading at $33.5 per share, up by 12.5% from its previous close.