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EG open to joint bid for Caltex
4 weeks ago

EG open to joint bid for Caltex

British petrol and food retailer EG is believed to be continuing to assess whether to launch a rival takeover bid for Caltex Australia, and it is understood a joint bid …
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Guardian Media Group stops accepting ads from fossil fuel groups
4 weeks ago

Guardian Media Group stops accepting ads from fossil fuel groups

Climate advocacy groups and campaigners celebrated after the Guardian Media Group announced Wednesday that it “will no longer accept advertising from oil and gas companies.”

Greenpeace U.K. senior …
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Caltex investors in waiting mode after takeover talks
1 month ago

Caltex investors in waiting mode after takeover talks

Continuing soft conditions for oil refining and a lack of clear rival bidder competition mean Caltex Australia’s suitor Alimentation Couche-Tard might be in no hurry to decide on its next step …
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Canadians return home to cool off after Caltex talks
1 month ago

Canadians return home to cool off after Caltex talks

Executives from Caltex Australia suitor Alimentation Couche-Tard, the Canadian convenience store group, are expected to take their time weighing up whether to make another offer for the fuel retailer, after …
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Bidder’s credit impact brings negative outlook on Caltex
1 month ago

Bidder’s credit impact brings negative outlook on Caltex

Caltex could suffer a weakened credit profile if Couche-Tard’s $8.6bn takeover bid proceeds due to the Canadian company’s weaker financial position, ratings agency S&P Global said.

The Australian fuels retailer …
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Softer refining toughens the task for Caltex
1 month ago

Softer refining toughens the task for Caltex

A weaker than expected end to 2019 at Caltex Australia’s refining business may have made it harder for the takeover target to extract a sweeter bid from its Canadian suitor …
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Caltex signs confidentiality deal ahead of briefing
1 month ago

Caltex signs confidentiality deal ahead of briefing

Takeover target Caltex Australia has advised it has signed a confidentiality agreement, as expected, with its Alimentation Couche-Tard ahead of presentations by senior management later on Thursday that will provide its Canadian …
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Couche-Tard to examine Caltex as rivals prowl
1 month ago

Couche-Tard to examine Caltex as rivals prowl

Canada’s Alimentation Couche-Tard is understood to be the only party interested in a full takeover bid for Caltex Australia, with the rival approaches made over the past few weeks limited …
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Caltex takeover action revs up; management readies presentation
2 months ago

Caltex takeover action revs up; management readies presentation

The protracted stalemate between Australian fuel bigwig Caltex and its Canadian suitor has finally been broken.

Street Talk can reveal a long-awaited management presentation by Caltex top brass to their …
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Clamour for Caltex vindicates Segal strategy as retirement looms
2 months ago

Clamour for Caltex vindicates Segal strategy as retirement looms

While the future of Australia’s largest fuels company, Caltex, is now uncertain, its shareholders are doing well from its new-found market attention.

A few months ago, shareholders were facing the …
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