ExxonMobil Exits Convenience Store Biz

Davis, Avram
May 2009
Mergers & Acquisitions Report;5/4/2009, Vol. 22 Issue 18, p8
The article reports on the plan of Canadian convenience store franchiser Alimentation Couche-Tard Inc. to acquire ExxonMobil's On the Run convenience store franchise and 43 of the oil company's corporate-owned stores. A UBS analyst report claims that an estimated 120 million U.S. dollars will be paid by Alimentation Couche-Tard for the deal. Dealers and ExxonMobil distributors will operate the franchise stores.


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