Canada's Couche-Tard halts $5.6b bid for Caltex Australia on COVID-19 uncertainty

Canada's Couche-Tard halts $5.6b bid for Caltex Australia on COVID-19 uncertainty

Petrol Station

Canada’s Alimentation Couche-Tard said it has decided not to proceed with an A$8.8 billion ($5.6 billion) takeover bid for Caltex Australia Ltd due to economic uncertainties posed by the coronavirus pandemic.

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