LAVAL, QC, June 29, 2012 /CNW Telbec/ - Alimentation Couche-Tard Inc.
(TSX: ATD.A ATD.B) announces that its wholly owned subsidiary
Couche-Tard Norway AS, ("Couche-Tard Norway") today resolved to carry
out a compulsory acquisition of all the shares in Statoil Fuel & Retail
ASA ("SFR") owned by shareholders other than Couche-Tard Norway.
Couche-Tard Norway has as a consequence of this assumed ownership of
all shares in SFR. The offered redemption price is NOK 51.20 per share,
which equals the NOK 51.20 offered under the voluntary offer presented
by Couche-Tard Norway.
Couche-Tard Norway confirms that after the 2nd settlement on June 26, 2012 of the voluntary offer from Couche-Tard
Norway to acquire all the shares in SFR, Couche-Tard Norway owns
296,487,760 shares, equal to 98.83 % of the shares in SFR. Of these
shares, 94.07 % of the shares were purchased on basis of the voluntary
offer, while 14,274,692 shares, equal to 4.76 % of the shares, were
purchased in the market. The offer price of NOK 51.20 is the highest
price paid or agreed by Couche-Tard Norway and related parties for any
The board of directors of Couche-Tard Norway has, effective from Friday
June 29, 2012, resolved to carry out a compulsory acquisition of all
the remaining shares in SFR not owned by Couche-Tard Norway pursuant to
the Norwegian Public Limited Liability Companies Act section 4-25 cf.
the Norwegian Securities Trading Act section 6-22 (3). Couche-Tard
Norway has as from such date assumed ownership of all shares in SFR.
The offered redemption price under the compulsory acquisition is NOK
51.20 per share. The offered redemption price corresponds to the offer
price in the completed voluntary offer which, according to the
Norwegian Securities Trading Act section 6-22; is the applicable
redemption price in a subsequent compulsory acquisition. Skandinaviska
Enskilda Banken AB (publ), Oslofilialen has furnished a guarantee for
the settlement under the compulsory acquisition in accordance with the
Norwegian Securities Trading Act section 6-22 (3) no. 3.
Any objections to, or rejections of, the offered redemption price must
be raised prior to September 4, 2012. Former SFR shareholders who do
not object to, or reject, the offered redemption price within this
deadline will lose their right to object to, or reject, the offered
redemption price and are deemed to have accepted the offer.
As soon as Couche-Tard Norway and related parties have taken over
ownership to 100 % of the shares in SFR, the board of directors of
Couche-Tard Norway has resolved the apply to Oslo Børs for a de-listing
of the shares in SFR.
About Alimentation Couche-Tard Inc.
Alimentation Couche-Tard Inc. ("Couche-Tard") 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
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