Reuters cited a report in Britain’s Times newspaper identifying the Canadian retailer as the prospective buyer. Cumberland Farms, formerly known as EG Group, operates in the US convenience-store market.
The available report did not disclose whether a formal offer had been submitted, how it would be financed or whether the target had responded. The transaction therefore remains a reported proposal rather than an agreed deal.
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This is an original summary, not a republication of the full report.
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