Alimentation Couche-Tard Inc. is the leader in the Canadian convenience store industry. In North America, Couche-Tard is the largest independent convenience store operator (whether integrated with a petroleum corporation or not) in terms of number of company-operated stores. In Europe,... More
Wednesday, Jan 86:22 PM
Wednesday, Jan 86:22 PM| Comment!
- Alimentation Couche-Tard (ANCUF) is expected to make a play to expand its already large U.S. presence after Hess (HES) filed to spin off or sell its retail convenience store network.
- Couche-Tard has the financial wherewithal to support a deal of ~$1.5B after reducing its debt from the $3.6B purchase of Europe’s Statoil Fuel and Retail, Canaccord says, adding that Hess would help to bolster its presence in the northeast U.S.
- Oppenheimer's Fadel Gheit thinks Hess would be wiser to pursue a spinoff, since the company wouldn't pay any taxes and it would keep the Hess brand name, which has some value.
- Hess operates 1,258 fuel and food outlets from Florida to New Hampshire and is the largest Dunkin’ Donuts franchisee by number of sites.
Tuesday, May 152012, 6:20 PMEnergy Transfer Partners (ETP) could fetch up to $1.8B for the 4,900 gasoline stations it acquired when it agreed to buy Sunoco (SUN) last month in a $5.3B deal, Raymond James analysts say. Possible buyers include Marathon Petroleum (MPC), Alimentation Couche-Tard (ANCUF.PK) and retail operator Global Partners (GLP). |Tuesday, May 152012, 6:20 PM| 1 Comment
Wednesday, Apr 182012, 3:00 AM
Monday, Jun 132011, 11:47 AMAfter failing to win over Casey's General Stores (CASY), Canada's Alimentation Couche-Tard (ANCUF.PK) makes another south-of-the-border incursion, into California, with a deal to buy 322 "high-volume, high-impact" convenience-store sites and an additional 65 reseller contracts from Exxon Mobil (XOM). |Monday, Jun 132011, 11:47 AM| Comment!