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Livewire Exclusive: ACT Adds Fuel to the Fire

News out of the Caltex camp this morning confirmed what many in the market had been expecting (and pricing in); Alimentation Couche-Tarde Inc. (ACT) returned with a sweetener to its indicative offer lobbed late last year. Although, a $0.75 per share lift may be a little smaller than some were hoping. It was also declared best and final in the absence of a superior offer, so now the focus turns to rival bidders to see if any additional value can be squeezed out for shareholders.


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