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Company News

BUZZ-Caltex Australia shares stay below Couche-Tard's offer

** Caltex Australia shares slip further below the rejected A$34.50 per share takeover proposal from Alimentation Couche-Tard Inc’s

** Caltex rebuffed the Canadian convenience store operator’s second proposal as too low, but made a conditional offer to provide more info for a higher offer

** Couche-Tard has not publicly disclosed its plan and did not respond to a request for comment

** RBC expects ATD to remain disciplined on price paid

($1 = 1.4736 Australian dollars)

Reporting by Nikhil Kurian Nainan

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