N@N

Couche-Tard confident in persistent but friendly approach to bid for 7-Eleven owner

The press release from Alimentation Couche-Tard Inc. (ATD-T) discusses their strategic acquisition of 112 fuel and convenience retail sites from MAPCO Express Inc. in the Southeastern United States. This acquisition, which includes 109 company-operated locations and 3 dealer locations, aims to expand Couche-Tard's footprint in key markets like Tennessee, Alabama, and Georgia. The deal, valued at approximately $348 million, includes real estate for 80 sites, with the remaining under long-term leases. The transaction is expected to close in the second half of 2023, subject to regulatory approval and customary closing conditions. This move is part of Couche-Tard's broader strategy to grow its network and enhance its market presence in the U.S. by integrating these sites into its existing operations, thereby improving service offerings and operational efficiencies.

Read the Full The Globe and Mail Article at [ https://www.theglobeandmail.com/investing/markets/stocks/ATD-T/pressreleases/29772255/ ]