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Alimentation Couche-Tard has expanded from its Quebec base into the U.S. and Europe, and may now be eyeing a run at Hess Corp.’s U.S. retail network.
Alimentation Couche-Tard has expanded from its Quebec base into the U.S. and Europe, and may now be eyeing a run at Hess Corp.’s U.S. retail network.
(Graham Hughes/THE CANADIAN PRESS)

All eyes on Couche-Tard as another deal appears on radar

Why slow down?

Alimentation Couche-Tard’s executives must ask themselves that very question now that Hess Corp.’s U.S. network of retail convenience stores is up for grabs.

Despite closing its blockbuster $2.6-billion (U.S.) acquisition of the retail network of Norwegian state-owned Statoil just a year and a half ago, Couche-Tard’s has the chance to strike again. Earlier this week energy giant Hess filed the regulatory paperwork to spin off its network, which comes with 1,258 stores in 15 states. The company is open to offers.