Bloomberg reports that Alimentation Couche-Tard, which operates more than 12,000 c-stores around the world, including the Circle K brand, has agreed to acquire the 2,000-store CST Brands chain for $4.4 billion.
CST operates mostly in Texas, Quebec and Atlantic Canada.
According to the story, "The acquisition, the fourth announced by Couche-Tard this year, is the largest in the company’s 36-year history. It eclipses the 2012 purchase of Statoil Fuel & Retail ASA for about $2.8 billion, which established a foothold in Europe."
CST operates mostly in Texas, Quebec and Atlantic Canada.
According to the story, "The acquisition, the fourth announced by Couche-Tard this year, is the largest in the company’s 36-year history. It eclipses the 2012 purchase of Statoil Fuel & Retail ASA for about $2.8 billion, which established a foothold in Europe."
- KC's View:
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Interesting. Couche-Tard buys CST for $4.4 billion. Walmart buys Jet for $3.3 billion. I wonder which check, over the long run, will end up being the most effective investment?
