Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry

Retailer schedules special meeting for stockholders to vote

SAN ANTONIO -- Chairman, CEO and president Kim Lubel said CST Brands Inc. is “one step closer to completing the merger with Circle K” with the filing of the definitive proxy statement with the U.S. Securities and Exchange Commission (SEC). The filing officially sets the date, Nov. 16, for the...

Can the c-store industry maintain the major deals and steep multiples of the past six months?

Retaining option, but doesn’t want to part with 'contributing' business

CALGARY, Alberta -- Despite reports to the contrary, Suncor Energy Inc.’s Petro-Canada gas station and convenience-store chain is not part of the oil producer’s asset sale plan as the business seeks diversification and looks to monetize assets, according to a Bloomberg report . “Retail is part of...

Acquisition extends GPM’s regional reach

Plan balances 'quantity’ and ‘quality’; will add more than 1,000 c-stores in North America

Merger will position both companies for more regional growth
Closes deal to acquire Dirt Cheap, U-Gas locations, more
Supervalu to decide soon on divestment of limited-assortment retailer
Acquires leasehold interests in 21 c-stores, fuel supply from Sunshine Fuel
Fuel distributor sells several other sites to unrelated buyers