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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Caltex Australia Limited    CTX   AU000000CTX1

CALTEX AUSTRALIA LIMITED

(CTX)
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Caltex Australia : Alimentation Couche-Tard ups offer for Australian convenience chain, says Caltex

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02/12/2020 | 07:08pm EDT

Caltex Australia Ltd., Australia's largest retail fuel and convenience chain, says it has received a revised takeover offer from Alimentation Couche-Tard Inc.

The Australian company says the proposal would pay AU$35.25 cash per share less any dividends declared or paid by Caltex. The revised proposal allows Caltex to pay a special dividend to shareholders.

The Australian retailer says the Quebec-based convenience store chain has indicated its revised price was its "best and final price in the absence of a competing proposal."

Couche-Tard raised its offer for Caltex from AU$34.50 per share after the Australian firm said the $7.7-billion offer in December undervalued the company. It was also rebuffed in October when it made a offer of AU$32 per share.

Caltex operates approximately 2,000 service stations.

Couche-Tard already owns about two per cent of Caltex shares.

This report by The Canadian Press was first published Feb. 12, 2020.

Companies in this story: (TSX:ATD.B)

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

Stocks mentioned in the article
ChangeLast1st jan.
ALIMENTATION COUCHE-TARD INC. -5.32% 32.6 Delayed Quote.-16.45%
CALTEX AUSTRALIA LIMITED -3.54% 21.82 End-of-day quote.-33.37%
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Financials (AUD)
Sales 2020 20 435 M
EBIT 2020 690 M
Net income 2020 350 M
Debt 2020 1 194 M
Yield 2020 4,62%
P/E ratio 2020 15,5x
P/E ratio 2021 11,0x
EV / Sales2020 0,33x
EV / Sales2021 0,29x
Capitalization 5 449 M
Chart CALTEX AUSTRALIA LIMITED
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Caltex Australia Limited Technical Analysis Chart | CTX | AU000000CTX1 | MarketScreener
Technical analysis trends CALTEX AUSTRALIA LIMITED
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 30,78  AUD
Last Close Price 21,82  AUD
Spread / Highest target 78,0%
Spread / Average Target 41,0%
Spread / Lowest Target -3,76%
EPS Revisions
Managers
NameTitle
Matthew Halliday Chief Executive Officer
Steven Gregg Chairman
Louise Warner Chief Operating Officer
Jeff Etherington Chief Financial Officer
Viv da Ros Chief Information Officer
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