Couche-Tard Mails Bid for Silcorp.MONTREAL--(BUSINESS WIRE)--Sept. 9, 1996--ALIM. COUCHE-TARD INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (ME: ATD ATD Anthropomorphic Test Dummy ATD Attention to Detail ATD Advanced Technology Demonstration AtD Achieving the Dream ATD Atmospheric Technology Division (US National Center for Atmospheric Research) ATD Assistant Technical Director ) Alimentation Couche-Tard Alimentation Couche-Tard Inc. TSX: ATD.A (a "Couche-Tard" is a "night owl" in French) is the largest Canadian convenience store retailer, operating or franchising over 5,000 stores across Canada, the United States, and in other countries. Inc. today announced that it has mailed its previously announced all-cash offer for all the common shares of Silcorp Limited at $16.50 per common share. The offer was mailed as soon as was practicable after receipt of Silcorp's shareholders list, which was requisitioned on August 26, 1996, but was only delivered late in the afternoon on September 5, 1996. The offer is subject to the condition that Silcorp shareholder rights plan be waived and other customary conditions, including acceptance by holders of 2/3 of Silcorp's common shares and the receipt of necessary regulatory approvals. Alain Bouchard Alain Bouchard is a Canadian businessman. He currently serves as the chairman, president, and CEO of Alimentation Couche-Tard, and also serves on the board of directors of Quebecor Inc. Both corporations are based in Quebec. Bouchard had a net worth of $612 million CDN in 2006. , Couche-Tard President and Chief Executive Officer, said: "We continue to believe that the $16.50 offer price represents full and fair value for Silcorp's shares". Alimentation Couche-Tard Inc. is the Quebec leader in the convenience store industry, with 1,828 employees and a network of 316 outlets in Montreal, the Laurentians, the Eastern Townships and the Beauce and Mauricie regions of Quebec operating primarily under the DEPAN-ESCOMPTE Couche-Tard Inc. and SEPT-JOURS banners. Couche-Tard's multiple and subordinate voting shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. are listed on The Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg . Silcorp Limited is the operator of 520 convenience stores in Ontario and Western Canada operating under the Mac's and Mike's Mart banners. In Michigan, Silcorp operates a chain of 50 convenience stores under the Hop-In banner as well as Gal Corp., a distributor of gasoline, home fuel oil and related products. Financial advisors to Couche-Tard in the transaction are Gordon Capital Corporation and Levesque Beaubien Geoffrion Inc. CONTACT: Alimentation Couche-Tard Inc. Alain Bouchard, res/ent and Chief Executive Officer 514/662-3272 |
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