Derivatives: Anticipated adjustment in Statoil Fuel & Retail due to offer (28/12)


The following information is based on a press release from Statoil Fuel & Retail ASA (Statoil Fuel & Retail) dated April 18, 2012 and may be subject to change.

Alimentation Couche-Tard Inc. (Couche-Tard) has announced a public tender offer, to be made by its subsidiary Couche-Tard Norway AS, to the shareholders of Statoil Fuel & Retail whereby every one (1) share held entitles their holder to a cash payment of NOK 53.00.

If Statoil Fuel & Retail, as a result of the offer, requests for a de-listing of the underlying share or if the trading in the same is considered to be insufficient to support related derivatives trading, NASDAQ OMX Derivatives Markets will (1) set a new expiration day for options and forwards/future contracts in Statoil Fuel & Retail (SFRN) and (2) settle the contracts at Fair Value.

For further information, please see the attached file.

 

 


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