CompaniesEnergyMergers & acquisitionsPrint articleCaltex plan to parry takeover fails to convinceAngela Macdonald-SmithSenior resources writerUpdated Dec 5, 2019 – 6.06pm, first published at 9.27amSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginCaltex Australia has left some investors unconvinced that it can unlock value for shareholders through a raft of new initiatives as it awaits news whether its spurned Canadian suitor will return to the table to improve its $8.6 billion takeover bid.The fuels and convenience retailer, which has knocked back a $34.50-a-share offer from Alimentation Couche-Tard, used an investor briefing to announce a $136 million sale of petrol stations and a hybrid raising of up to $500 million that would help fund share buybacks.Loading...Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.comSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreMergers & acquisitionsFood & drinkAmpolJulian SegalOilLatest In EnergyFetching latest articlesMost Viewed In CompaniesThe Australian Financial Review MagazineCrocs turn 23 years old. Time to grow up and get shoesLauren SamsOlympic weightlifting is hard. This boss uses the 1pc rule to get it doneOut-of-control watch price rises give housing a run for its moneyBOSS Financial ReviewWhat happened when Domain learnt it spent $36m a year on meetingsEuan BlackThe country’s highest-paid directors revealedHow this Melbourne engineer became a boss at a $24b global giantLife & LeisureThe Australian gallery that made art fun turns 20Stephen ToddThe eight extraordinary hotel openings in Europe to book this summerHow the Hawke’s Bay wine region weathered its most challenging yearRich ListProperty billionaire Nick Andrianakos dies in GreeceYolanda RedrupCannon-Brookes describes ‘deep internal conflict’ over his private jetOscar Piastri on the secret of his $41m-a year success
