Top Stories

Leading companies have submitted bids, with another round to come

SAN ANTONIO -- Canada’s Alimentation Couche-Tard Inc. and Japan’s Seven & i Holdings Co Ltd. have submitted offers to acquire U.S. convenience-store retailer CST Brands Inc. , people familiar with the matter told Reuters on Thursday. Laval, Quebec-based Couche-Tard, owner of the global...

Japan’s second-largest convenience retailer could follow rival's lead

TOKYO -- Lawson Inc., Japan’s second-biggest convenience-store operator, is looking to buy chains in the United States as it speeds up overseas expansion with the aim of boosting its number of overseas outlets by about a quarter within a year, according to a Bloomberg report. The company’s U.S...

Asset acquisition expands distributors’ capabilities, scope

DALLAS -- The sale of the wholesale unbranded business assets of Mutual Oil Co. Inc. to TAC Energy significantly expands the fuel supply, logistics capabilities and support services that Mutual Oil provides. It also gives TAC Energy a strong base in New England. As reported in a McLane/ CSP Daily...

Former Lehigh Gas Corp. acquires District Petroleum
Speculation over potential acquirers follows ‘gas bar’ review
New president’s plan to fix Japanese retailer includes investment in United States
Intends to take on Holiday, SuperAmerica, Kwik Trip with new, larger format
Sites are part of nonstrategic divestment from Warren Equities purchase
Acquisition gives investment firm base from which to grow its convenience-store reach
Industry reacts to doubling of salary threshold, other provisions

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