Quebec-based convenience store giant Alimentation Couche-Tard revealed that its 6 June bid to acquire the assets of Dairy Mart Convenience Stores has been retained at the closing of the bid deadline.
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The Hudson, Ohio-based Dairy Mart, a regional convenience retailing chain with some 450 stores, filed voluntary petitions with the Court for the Southern District of New York on 24 September 2001, seeking protection under Chapter 11 of the US Bankruptcy Code.
Couche-Tard’s bid is now subject to various regulatory procedures that may end in the Court approval the transaction by mid-August 2002.
