VOL. XXXVI
NO. 11
14-DECEMBER-1992
Financial and Banking News
FOREIGN INVESTMENT
Saudi Prince Boosts Rival Bid for Circle K
A member of the Saudi royal family, Prince Turki ibn Fahd ibn Jalawi al-Sa'ud,is offering $360mn in equity finance to sweeten a bid by Commonwealth OilCompany for Circle K, the US convenience store and gasoline station companywhich filed for bankruptcy in May 1990. The $360mn would give Prince Turki a 42%stake in the company. However, observers say that a previous offer, which...
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