Couche-Tard, 7-Eleven parent vie with PE firms for CST Brands: Reuters
Canada's Alimentation Couche-Tard Inc and Japan's Seven & i Holdings Co Ltd have submitted indicative offers to acquire U.S. convenience store retailer CST Brands Inc (CST.N), sources told Reuters. Couche-Tard and Seven & i, the owner of U.S. convenience store chain 7-Eleven, are competing against several other bidders for the company, including a consortium of U.S. private equity firms Blackstone Group LP and Apollo Global Management LLC. CST's market capitalization is currently estimated at about US$3.4 billion.
3 June 2016•2 mins read
