Couche-Tard buys Mobil On the Run stores in U.S

LAVAL Quebec and FAIRFAX Va. -Alimentation Couche-Tard Inc. will take over in late May ExxonMobil's On the Run convenience franchise system in the U.S. mainland and 43 of Exxon-Mobil's company-owned-and-operated sites in the Phoenix Ariz. area "subject to standard closing conditions and regulatory approvals."" Under the terms of the agreement- announced April 28 by Couche-Tard and Exxon Mobil Corp.- the convenience stores will continue to be operated by franchisee dealers and distributors of ExxonMobil. Also under the agreement Couche-Tard will acquire the land and buildings for 33 locations and will . . .

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