Couche-Tard Buys Back Shares in Strategic Deal

Alimentation Couche-Tard Inc (TSE:ATD) has released an update.

Alimentation Couche-Tard Inc. has struck a deal to buy back 8.7 million of its common shares from Caisse de dépôt et placement du Québec for CAD $700 million, a move underscoring the company’s robust financial health and commitment to shareholder value. The transaction, involving shares purchased at a 3% discount from the closing price, will utilize the firm’s available cash and maintain CDPQ’s significant stake in the company.

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