Key Developments: Alimentation Couche-Tard Inc (ANCUF.PK)
60.38USD
21 May 2013
$1.58 (+2.69%)
$58.80
$59.61
$60.38
$59.61
400
3,943
$60.76
$37.73
Latest Key Developments (Source: Significant Developments)
Alimentation Couche-Tard Inc Declares Quarterly Dividend
Alimentation Couche-Tard Inc announced that the Board of Directors declared a quarterly dividend of CAD0.075 per share for the third quarter of fiscal 2013 to shareholders on record as at March 28, 2013, payable on April 11, 2013. Full Article
METRO INC To Sell Part Of Alimentation Couche-Tard Inc's Stake-Reuters
Reuters reported that METRO INC said it would sell nearly half of its stake in Alimentation Couche-Tard Inc for CAD479 million ($482 million). Metro will sell 48.2% of its Couche-Tard stake to BMO Nesbitt Burns Inc, National Bank Financial and TD Securities Inc at CAD47.90 a share. Couche-Tard closed at CAD48.98 on the Toronto Stock Exchange on January 22, 2013. Following the sale Metro will still have a 5.7% economic interest and a 17.0% voting interest in the company. Full Article
Alimentation Couche-Tard Inc's Mac's Convenience Stores LLC Acquires 29 Stores In Illinois, Missouri And Oklahoma
Alimentation Couche-Tard Inc's Mac's Convenience Stores LLC announced that it has signed an agreement to acquire 29 stores, 25 stores are located in Illinois, three in Missouri and one in Oklahoma. The transaction is anticipated to close in December 2012. The transaction is subject to standard regulatory approvals and closing conditions. According to a confidentiality agreement between the parties, the purchase price cannot be disclosed. Available cash dollars will be used for the transaction. Full Article
Alimentation Couche-Tard Inc Declares Quarterly Dividend
Alimentation Couche-Tard Inc announced that the Corporation's Board of Directors declared a quarterly dividend of CAD0.075 per share for the second quarter of fiscal 2013 to shareholders on record as at December 6, 2012, payable on December 20, 2012. Full Article
Alimentation Couche-Tard Inc Closes $1 Billion Senior Unsecured Notes Offering
Alimentation Couche-Tard Inc announced that it completed the closing of its previously-announced public offering of (i) $300 million principal amount of 2.861% Series 1 senior unsecured notes due November 1, 2017 (the "Series 1 Notes"); (ii) $450 million principal amount of 3.319% Series 2 senior unsecured notes due November 1, 2019 (the "Series 2 Notes"); and (iii) $250 million principal amount of 3.899% Series 3 senior unsecured notes due November 1, 2022 (the "Series 3 Notes" and, together with the Series 1 Notes and the Series 2 Notes, collectively, the "Notes"). The Notes were issued and sold through a syndicate of agents composed of National Bank Financial Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., UBS Securities Canada Inc., Desjardins Securities Inc., and Barclays Capital Canada Inc., as co-lead agents. The Notes are rated BBB- by Standard & Poor's, a division of the McGraw-Hill Companies, Inc. and Baa3 by Moody's Investors Service, Inc. Couche-Tard intends to use the net proceeds of the offering of approximately $995 million to repay indebtedness outstanding under its credit facility used to fund the acquisition of Statoil Fuel & Retail AS. Full Article
Alimentation Couche-Tard Inc Prices $1 Billion Offering Of Senior Unsecured Notes
Alimentation Couche-Tard Inc announced that it has priced an offering of: $300 million principal amount of 2.861% Series 1 senior unsecured notes due November 1, 2017 (the Series 1 Notes); $450 million principal amount of 3.319% Series 2 senior unsecured notes due November 1, 2019 (the Series 2 Notes); and $250 million principal amount of 3.899% Series 3 senior unsecured notes due November 1, 2022 (the Series 3 Notes and, together with the Series 1 Notes and the Series 2 Notes, collectively, the Notes). The Notes will be direct unsecured obligations of Couche-Tard and will rank pari passu with all other outstanding unsecured and unsubordinated indebtedness of Couche-Tard. The offering of the Notes is expected to close on or about November 1, 2012. Couche-Tard intends to use the net proceeds of the offering of approximately $995 million to repay indebtedness outstanding under its credit facility used to fund the acquisition of Statoil Fuel & Retail AS. Full Article
Alimentation Couche-Tard Inc Declares Quarterly Dividend
Alimentation Couche-Tard Inc announced that the Board of Directors declared a quarterly dividend of CAD0.075 per share for the first quarter of fiscal 2013 to shareholders on record as at September 14, 2012, payable on September 28, 2012. Full Article
Alimentation Couche-Tard Inc. Arranges $300 Million Bought Deal-Canada Stockwatch News
Canada Stockwatch News reported that Alimentation Couche-Tard Inc. has entered into an agreement with a syndicate of underwriters, co-led by National Bank Financial Inc., Scotia Capital Inc., UBS Securities Canada Inc. and HSBC Securities (Canada) Inc., to sell, on a bought-deal basis, 6.35 million Class B subordinate voting shares of Couche-Tard at a price of $47.25 per share for gross proceeds of $300,037,500. Net proceeds from the offering will be used by Couche-Tard to pay down a portion of Couche-Tard's outstanding long-term debt. Couche-Tard has also granted the underwriters an option to purchase up to an additional 952,500 shares at a price of $47.25 per share at any time up to 30 days after the closing of the offering. The shares will be offered in all provinces of Canada, by means of a short-form prospectus. Closing of the offering is expected to occur on or about August 14, 2012. Full Article
Alimentation Couche-Tard Inc.'s Circle K Stores Inc. Acquires 27 Stores In Eastern Washington State
Alimentation Couche-Tard Inc. announces that it has signed, through its indirect wholly-owned subsidiary, Circle K Stores Inc., an agreement to acquire 27 stores in Eastern Washington State primarily in the Tri-Cities area of Pasco, Kennewick, and Richland from Sun Pacific Energy which operates under the Sun Mart banner. The transaction is anticipated to close in November 2012. According to a confidentiality agreement between the parties the purchase price cannot be disclosed at this time. Internal available cash dollars and available credit facilities will fund the transaction. Full Article
Alimentation Couche-Tard Inc. Announces Couche-Tard Norway AS' Compulsory Acquisition of Remaining Shares in Statoil Fuel and Retail ASA
Alimentation Couche-Tard Inc. announced that on June 29, 2012 its wholly owned subsidiary, Couche-Tard Norway AS (Couche-Tard Norway), has resolved to carry out a compulsory acquisition of all the shares in Statoil Fuel and Retail ASA (SFR) owned by the shareholders other than Couche-Tard Norway. Couche-Tard Norway has as a consequence of this assumed ownership of all the shares in SFR. The offered redemption price is NOK 51.20 per share, which equals the NOK 51.20 offered under the voluntary offer presented by Couche-Tard Norway. Couche-Tard Norway confirms that after the second settlement on June 26, 2012 of the voluntary offer from Couche-Tard Norway to acquire all the shares in SFR, Couche-Tard Norway owns 296,487,760 shares, equal to 98.83% of the shares in SFR. Of these shares, 94.07% was purchased on the basis of the voluntary offer while 14,274,692 shares, equal to 4.76%, were purchased in the market. As soon as Couche-Tard Norway and related parties have taken over ownership to 100% of the shares in SFR, the Board of Directors of Couche-Tard Norway has resolved the apply to Oslo Bors for the delisting of the shares in SFR. Full Article
Metro profit more than triples on Alimentation stake sale gain
April 24 - Metro Inc, Canada's third-largest grocer, more than tripled its second-quarter earnings, helped by a after-tax one-time gain of C$266.4 million related to the sale of 10 million shares of Alimentation Couche-Tard Inc.
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