Professional
Added to YB: 2024-11-12
Pitch date: 2024-10-23
ATD.TO [bullish]
Alimentation Couche-Tard Inc.
+16.78%
current return
Author Info
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Company Info
Alimentation Couche-Tard Inc. operates and licenses convenience stores in North America, Europe, and Asia.
Market Cap
CAD 57.0B
Pitch Price
CAD 72.05
Price Target
N/A
Dividend
1.03%
EV/EBITDA
11.69
P/E
22.41
EV/Sales
0.98
Sector
Consumer Staples Distribution and Retail
Category
special_situation
Show full summary:
Artisan International Value Fund Portfolio Holding: Alimentation Couche-Tard Inc.
ATD.TO (merger arb): Couche-Tard bid for Seven & i. Merger would create US c-store synergies (7,100 vs 13,000 stores). ATD skilled at cost-cutting. 20% arb spread reflects low odds of deal due to Japan's resistance to foreign takeovers. Seven & i mgmt resisting despite potential value creation.
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