29/06-2012 17:47:02: (SFR) STATOIL FUEL & RETAIL - COMPULSORY ACQUISITION OF SHARES
Laval, Québec, Canada - June 29, 2012 - Alimentation
Couche-Tard Inc. (TSX: ATD.A ATD.B) announces that
its wholly owned subsidiary Couche-Tard Norway AS,
("Couche-Tard Norway") today resolved to carry out a
compulsory acquisition of all the shares in Statoil
Fuel & Retail ASA ("SFR") owned by shareholders other
than Couche-Tard Norway. Couche-Tard Norway has as a
consequence of this assumed ownership of all shares
in SFR. The offered redemption price is NOK 51.20 per
share, which equals the NOK 51.20 offered under the
voluntary offer presented by Couche-Tard Norway.
Couche-Tard Norway confirms that after the 2nd
settlement on June 26, 2012 of the voluntary offer
from Couche-Tard Norway to acquire all the shares in
SFR, Couche-Tard Norway owns 296,487,760 shares,
equal to 98.83 % of the shares in SFR. Of these
shares, 94.07 % of the shares were purchased on basis
of the voluntary offer, while 14,274,692 shares,
equal to 4.76 % of the shares, were purchased in the
market. The offer price of NOK 51.20 is the highest
price paid or agreed by Couche-Tard Norway and
related parties for any SFR share.
The board of directors of Couche-Tard Norway has,
effective from Friday June 29, 2012, resolved to
carry out a compulsory acquisition of all the
remaining shares in SFR not owned by Couche-Tard
Norway pursuant to the Norwegian Public Limited
Liability Companies Act section 4-25 cf. the
Norwegian Securities Trading Act section 6-22 (3).
Couche-Tard Norway has as from such date assumed
ownership of all shares in SFR.
The offered redemption price under the compulsory
acquisition is NOK 51.20 per share. The offered
redemption price corresponds to the offer price in
the completed voluntary offer which, according to the
Norwegian Securities Trading Act section 6 22; is the
applicable redemption price in a subsequent
compulsory acquisition. Skandinaviska Enskilda Banken
AB (publ), Oslofilialen has furnished a guarantee for
the settlement under the compulsory acquisition in
accordance with the Norwegian Securities Trading Act
section 6-22 (3) no. 3.
Any objections to, or rejections of, the offered
redemption price must be raised prior to September 4,
2012. Former SFR shareholders who do not object to,
or reject, the offered redemption price within this
deadline will lose their right to object to, or
reject, the offered redemption price and are deemed
to have accepted the offer.
As soon as Couche-Tard Norway and related parties
have taken over ownership to 100 % of the shares in
SFR, the board of directors of Couche-Tard Norway has
resolved the apply to Oslo Børs for a de-listing of
the shares in SFR.
About Alimentation Couche-Tard Inc.
Alimentation Couche-Tard Inc. ("Couche-Tard") 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/
Contact:
Raymond Paré, Vice-President and Chief Financial
Officer
Tel: (450) 662-6632 ext. 4607
investor.relations@couche-tard.com
www.couche-tard.com/corporate/
Forward-Looking Statements
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 a
Ekstern link: http://www.newsweb.no/index.jsp?messageId=308462
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