Additionnal information from Alimentation Couche-Tard regarding its voluntary offer for all the shares of Statoil Fuel & Retail
LAVAL, QC, June 12, 2012 /PRNewswire/ - 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 centers.
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.