Announcement of the result of Alimentation Couche-Tard's offer for all shares in Statoil Fuel & Retail
LAVAL, QC, June 21, 2012 /PRNewswire/ - Alimentation Couche-Tard Inc. ("Couche-Tard") (TSX: ATD.A ATD.B) announces that its offer, through its wholly owned subsidiary Couche-Tard Norway AS, for all the shares of Statoil Fuel & Retail ASA ("SFR") (Oslo Børs/SFR), as per expiry of the offer on June 20, 2012 at 17.30 CET received acceptances for 282,213,068 shares, representing 94.07 % of the outstanding shares and votes in SFR.
In addition to the shares tendered, Couche-Tard has as per June 20, 2012, through its wholly owned subsidiary Couche-Tard Inc., purchased 7,942,737 shares in SFR, equal to 2.65 % of the outstanding shares and votes, in the market (at prices not exceeding the offer price), none of which have been settled as of today, but settlement will take place as soon as possible.
Couche-Tard now owns or has rights to 290,155,805 shares, equal to 96.72 % of the outstanding shares and votes in SFR.
Couche-Tard intends to make purchases of SFR shares in the market and has given SEB Enskilda an order to buy any remaining shares (up to 9,844,195 shares) at a price of up to NOK 51.20 per share. Any shareholder wanting to sell its shares to Couche-Tard, may contact SEB Enskilda at tel (+47) 21 00 85 40.
Couche-Tard will, as earlier announced, initiate a compulsory acquisition of any remaining shares in SFR in compliance with Norwegian law.
Settlement for shares tendered under the voluntary offer in the period from June 13, 2012 through June 20, 2012 at 17.30 CET, will, as earlier communicated, occur on June 26, 2012.
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.