Bullboard - Stock Discussion Forum Alimentation Couche-Tard Inc T.ATD

Alternate Symbol(s): ANCTF

Alimentation Couche-Tard Inc. is engaged in convenience and mobility, operating in about 29 countries and territories, with more than 16,700 stores, of which almost 13,100 offer road transportation fuel. With its Couche-Tard and Circle K banners, the Company is an independent convenience store operator in the United States, and it is engaged in the convenience store industry and road... see more

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Alimentation Couche-Tard Inc > AGREEMENT TO REPURCHASE 8,695,652 COMMON SHARES

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Post by Betteryear2 on Jul 23, 2024 10:40am

AGREEMENT TO REPURCHASE 8,695,652 COMMON SHARES

LAVAL, QC, July 23, 2024 /CNW/ - Alimentation Couche-Tard Inc. ("Couche-Tard" or the "Corporation") (TSX: ATD) announced today that it entered into a private agreement with Caisse de dpt et placement du Quebec ("CDPQ"), for the repurchase for cancellation of 8,695,652 common shares of Couche-Tard held by CDPQ at a price of CAD $80.50 per share, for a total consideration of approximately CAD $700 million. The repurchase price represents a discount of 3% to the closing price of the shares on the Toronto Stock Exchange ("TSX") on July 22, 2024, and will be paid using Couche-Tard's cash on hand.

ALIMENTATION COUCHE-TARD ANNOUNCES AGREEMENT TO REPURCHASE 8,695,652 COMMON SHARES (newswire.ca)

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