Canadian company buying Holiday Stationstores

LAVAL, QUEBEC (WLUC) - A Canadian convenience store company is buying Holiday Stationstores, Inc.

According to a Monday press release, Couche-Tard has signed an agreement with Holiday Companies to acquire all of the issued and outstanding shares of Minnesota-based Holiday.

The sale is expected to close late next year, and the companies have signed a confidentiality agreement preventing them from disclosing the purchase price.

Couche-Tard says it intends to continue Holiday's operational base at the Holiday corporate headquarters in Bloomington, Minn.

Holiday has 522 stores in 10 Upper Midwest states, including 26 stores in Michigan.

"We are pleased to entrust Couche-Tard with carrying forward the Holiday brand and our highly successful programs," said Ronald Erickson, Chairman and CEO of Holiday Stationstores Inc. in a statement. "Our 90-year history and our promising future are being placed into excellent hands."

Couche-Tard currently operates in the United States, Canada and Europe. It owns the Circle K convenience store brand.

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