Couche-Tard makes bid for Cumberland Farms: report
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- Canada-based convenience store chain Alimentation Couche-Tard (ATD:CA) has made an offer for the privately held convenience and gas station chain Cumberland Farms valued at between $7.5B and $8B, according to a report in the UK's The Times.
- Cumberland Farms, which has operations mostly in New England as well as a footprint in Germany, is owned by Cumberland Farms Group, formerly known as EG Group.
- While there are more than 575 Cumberland Farms branded locations across eight states, the company also owns other banners, including Fastrac, Kwik Shop, Quik Stop, Tom Thumb, and Turkey Hill, bringing the total number of US stores to over 1500. Including Europe, it has more than 6200 sites.
- In early July, Cumberland Farms filed with the SEC for a proposed IPO.
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