Caltex Australia says to work with rebuffed Canadian suitor for higher bid
(WorldNews Business)

MELBOURNE — Caltex Australia’s top executives said on Thursday they would work with a Canadian suitor to elicit a higher takeover offer after earlier rejecting its A$8.61 billion ($5.84 billion) approach for the petrol pump and convenience store operator. The Australian company rebuffed a takeover approach by Canadian convenience store operator Alimentation Couche-Tard Inc earlier this week calling it inadequate but had offered to give the suitor access to some...