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Alimentation Counche-Tard (ATDBCN: Baa1/BBB+) another acquisition

CONSUMER STAPLES

It's doing a Carlsberg here (who also announced two acquisitions in one day) as it acquires convenience store chain, "GetGo Cafe & Markets", from supermarket retailer Giant Eagle (private co). GetGo has 3,500 employees and 270 stores across 5 states in the US. This is an investment into expanding general retailing (not fuel) exposure.
Deal close expected by end of this year, financed using cash and/or existing credit facilities, amount not disclosed.

Presser here

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