Net proceeds total $209.8 million before expenses. Susser Petroleum Partners LP has completed its initial public offering of 10,925,000 common units representing limited partner interests in Susser Petroleum Partners at $20.50 per common unit. The number of units issued at closing included 1,425,000 common units issued pursuant to full exercise of the underwriters’ option to…
Susser Soars Amid NYSE Debut
Susser expects to use the proceeds to repay its parent company for capital expenditures. Susser Petroleum Partners LP’s common units climbed as much as 16% on their market debut, a day after the company priced its initial public offering slightly below the top end of its expected range, Reuters reported. Susser Petroleum Partners LP priced…
Couche-Tard Launches New Share Repurchase Program
Alimentation Couche-Tard Inc. announced that the Toronto Stock Exchange has approved its share repurchase program. The company is now authorized to repurchase up to 2,684,420 Class A multiple voting shares (representing 5 % of the 53,688,412 Class A multiple voting shares issued and outstanding) and 11,126,400 Class B subordinate voting shares (representing 10 % of the 111,264,009…