(TSX: ATD.B), through its indirect subsidiary Circle K Stores Inc., has agreed to purchase 53 sites held by American General Investments, LLC and North American Financial Group
, LLC (together, Cracker Barrel), the company said.
It followed a report in the Financial Times that it is in last-minute talks with a large North American financial group
considering making a cash injection of at least pounds 20 million to secure its future.
This facility was superseded on April 26, when the monetary authorities of the United States, Canada, and Mexico announced the creation of the North American Financial Group
and the establishment of a trilateral foreign exchange swap facility.