Its shares rose more than seven per cent, or $4.63, to close at $66.78 on the Toronto Stock Exchange. Alimentation Couche-Tard, Canada’s largest convenience store operator, announced a $4.4-billion (U.S.) friendly acquisition of Texas-based CST Brands. The company that owns the Mac’s and Couche-Tard convenience store chains said the purchase would expand its network by of more than 2,000 locations in the U.S. and Eastern Canada. North American stock markets teetered back and forth for most of Monday’s session as traders resisted making any major moves ahead of a highly-anticipated speech by the head of the U.S. Federal Reserve. Valeant Pharmaceuticals said it was replacing its chief financial officer in news that sent its shares soaring by nearly 10 per cent.

Source: thestar August 22, 2016 16:18 UTC