Ampol Ltd

ALD: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$34.00	Gthw	Yxgkjkwr

Caltex Receives Conditional Takeover Bid of AUD 34.50, FVE Retained at AUD 33.50

Mark Taylor

Nov 26, 2019

We retain our fair value of AUD 33.50 per share for no-moat Caltex following the conditional AUD 34.50 off-market takeover bid from Quebec-headquartered multinational convenience operator Alimentation Couche-Tard Inc., or ACT.

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