Couche-Tard Buys 13 C-stores in Pensacola, Fla. Market
LAVAL, Quebec -- Alimentation Couche-Tard, Inc. here said that through its subsidiary, Circle K Stores, Inc., it has agreed to buy 13 stores in the Pensacola, Florida market from Pensacola, Fla.-based Richcor, Inc. Subject to standard regulatory approvals and closing conditions, the transaction is expected to close in February 2007. Due to a confidentiality agreement between the parties, the purchase price wasn't disclosed, Couche-Tard said that internal available cash dollars would fund the transaction.