VEA +4.56%: The operator of Shell-branded service stations in Australia today announced the acquisition of Coles Express for ~$300m. The deal will be 11-18% earnings accretive (hence the pop higher in share price) while it will create the largest fuel/convenience footprint owned by one company in Australia. This is actually an interesting stock for more defensive / lower risk portfolios, trading on an Est PE of 8x and yielding above 5%.
MM like VEA ~$2.70
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