Caltex Australia angling for higher bid from Couche-Tard

Top executives at Caltex Australia announced they would cooperate with Alimentation Couche-Tard's. This is in order to elicit higher acquisition bid after rejecting its $5.91 billion (CA$7.8 billion) offer for the Australian fuel supplier....

Caltex Australia angling for higher bid from Couche-Tard
Top executives at Caltex Australia announced they would cooperate with Alimentation Couche-Tard's. This is in order to elicit higher acquisition bid after rejecting its $5.91 billion (CA$7.8 billion) offer for the Australian fuel supplier. After Caltex Australia declined the proposal, it offered to give access to confidential information to Couche-Tard in order to make a higher bid.