LAVAL, QC, June 12, 2012 /CNW Telbec/ - Alimentation Couche-Tard Inc.
("Couche-Tard") (TSX: ATD.A ATD.B) ACT refers to earlier press releases
regarding the offer, and wants to clarify the following:
The background for yesterday's press release from Couche-Tard was what
it thought to be false rumors in the market that Couche-Tard was likely
to increase its offer. This is not the fact, and it was and is
important for Couche-Tard to clarify this fact. Thus, Couche-Tard can
see no justified reason for the Statoil Fuel & Retail ASA share trading
above the offer price at NOK 51.20, especially after having clearly
stated that its offer was its best and final.
The statement in yesterday's press release that "some key shareholders"
had decided to tender their shares was based on the acceptance of one
large shareholder who tendered 3.44% of the outstanding shares on
Thursday June 5. The reference to "some key shareholder" was intended
to protect the confidentiality of the shareholder who tendered. This
clarification follows after an OSE demand to that effect.
Couche-Tard wants to make it clear that settlement of any Statoil Fuel &
Retail shares tendered in the period from June 13 through June 20, 2012
will take place on or about June 25, 2012, provided that all pending
transactions related to shares having been tendered have been settled
by June 20, 2012.
Couche-Tard indicates that it is very confident that the shareholders of
Statoil Fuel & Retail that have not tendered to date will do so by June
20, 2012 considering Couche-Tard's cash offer has become even more
attractive in the context of increasingly challenging market
conditions. Another large shareholder has today accepted the offer, and
this including, the acceptance level at the time of the issuance of
this press release has reached 77.71%.
For questions regarding the Offer, please contact:
Nordea Bank Norway ASA, Issuer Services
Tel: +47 22 48 62 62
Fax: +47 22 48 63 49
About Alimentation Couche-Tard Inc.
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. As of January 29, 2012, Couche-Tard had a network of 5,817
convenience stores, 4,225 of which include motor fuel dispensing. At
the same date, the Corporation had agreements for the supply of motor
fuel to 338 sites operated by independent operators. Couche-Tard's
network consists of 13 business units, including nine in the United
States covering 42 states and the District of Columbia, and four in
Canada covering all ten provinces. More than 53,000 people are employed
throughout Couche-Tard's retail convenience network and service
For more information on Alimentation Couche-Tard, please visit: http://www.couchetard.com/corporate/
The statements set forth in this news release, which describe
Couche-Tard's objectives, projections, estimates, expectations or
forecasts, may constitute forward-looking statements within the meaning
of securities legislation. Positive or negative verbs such as "will",
"plan", "evaluate", "estimate", "believe", "expect" and other related
expressions are used to identify such statements. Couche-Tard would
like to point out that, by their very natures, forward-looking
statements involve risks and uncertainties such that its results, or
the measures it adopts, could differ materially from those indicated or
underlying these statements, or could have an impact on the degree of
realization of a particular projection. Major factors that may lead to
a material difference between Couche-Tard's actual results and the
projections or expectations set forth in the forward-looking statements
include the effects of the integration of acquired businesses and the
ability to achieve projected synergies, fluctuations in margins on
motor fuel sales, competition in the convenience store and retail motor
fuel industries, exchange rate variations, and such other risks as
described in detail from time to time in documents filed by Couche-Tard
with securities regulatory authorities in Canada. Unless otherwise
required by applicable securities laws, Couche-Tard disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. The forward-looking information in this news release is
based on information available as of the date of the release.
SOURCE ALIMENTATION COUCHE-TARD INC.
For further information:
Raymond Paré, Vice-President and Chief Financial Officer
Tel: (450) 662-6632 ext. 4607