November 25, 2019 / 11:20 PM / in 15 days

Caltex Australia receives unsolicited takeover bid for $5.84 billion

Nov 26 (Reuters) - Caltex Australia Ltd on Tuesday confirmed it has received a revised unsolicited takeover bid from Canadian firm Alimentation Couche-Tard Inc for A$8.61 billion ($5.84 billion).

The offer of A$34.50 per share represents a premium of 15.8% as of last close which comes after an earlier bid of A$32.00 per share which Caltex had rejected. ($1 = 1.4736 Australian dollars) (Reporting by Shreya Mariam Job in Bengaluru Editing by Chris Reese)

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