MELBOURNE: Takeover target Caltex Australia said it was talking to other suitors and named a stand-in chief executive, as it tries to wring best value from rival bidders Canada’s Alimentation Couche-Tard Inc and Britain’s EG Group.
The supplier of a quarter of Australia’s fuel suspended its search for a new boss and tapped chief financial officer Matthew Halliday to lead it for now as it evaluates the two takeover proposals, talks with others, and looks to boost returns from its refining and marketing businesses.
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