Caltex to raise $500m, sell more petrol stations as it waits on suitor

Caltex to raise $500m, sell more petrol stations as it waits on suitor

5 years ago
As per SMH article Fuel retailer Caltex is planning a $500 million capital raising and has offloaded 25 petrol stations for $136 million as it navigates an $8.6 billion takeover bid from a Canadian suitor. Caltex rebuffed suitor Quebec-based Alimentation Couche-Tard’s $34.50-a-share offer on Tuesday, saying it “undervalued” the company. At the same time, it offered Couche-Tard, which is French for ‘night owl’, access to non-public information to allow it to submit a revised bid, […]
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Skipton service station targeted by thieves in ram raid

5 years ago
Warrnambool police detectives have just arrived at Skipton after a ram raid netted thieves cigarettes valued at $25,000. Warrnambool police Sergeant James van Engelen said the raid happened at 4.25am Thursday at the BP roadhouse on the Glenelg Highway. “A Holden ute was used to ram glass doors at the BP roadhouse and there was a second dark Commodore sedan at the roadhouse at the same time,” he said. “Three men wearing face coverings and […]
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Coles has to pay $5.25 million to Norco dairy farmers

5 years ago
Coles Group Limited will pay Norco Co-operative Limited around $5.25 million for distribution to its dairy farmer members. The payments follow an ACCC investigation into whether Coles fully passed on to Norco a 10 cents per litre price rise it charged consumers for Coles branded fresh milk, as it claimed it would do in Coles’ marketing materials. Coles has committed in writing to the ACCC that it will pay an additional 7 cpl for 2 […]
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BP is facing legal action for an alleged climate “greenwashing” advertising

5 years ago
Adnews published that BP is facing legal action for an alleged climate “greenwashing” advertising campaign now running on billboards, newspapers and television in the UK, US and Europe. Lawyers from not for profit ClientEarth filed a complaint against oil giant BP, saying the energy giant is misleading consumers about its focus on low carbon energy and solutions to climate change. BP rejects the accusation that its advertising is misleading. ClientEarth is using an official complaints procedure […]
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Hammond Avenue Caltex service station hit in armed hold-up

5 years ago
POLICE are hunting a man who used a knife to rob a service station at Werris Creek. The offender walked into the Caltex service station on Single Street and brandished a knife about 7.35pm on Saturday, threatening the man behind the counter. He stole a sum of cash and then fled, running from the store. While the employee wasn’t physically injured in the armed robbery, police have said he is “traumatised”. The robbery was captured […]
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