"Our interpretation is that this means the sale of  CoucheTard shares could occur at any time, stretching from almost immediately until up to a few months after the closing of the acquisition of PJC." Or not at all.  I think this kind of speculation is just a little irresponsible. Tell you what might be a helpful exercise for somebody there at the Globe: give us a little analysis of just what this momentous possible sale might mean to the share price of ATD.B. Much? Or very little? There are many, many of CoucheTard shares out there. What might the sudden (or gradual) sale of (I think it is) 5% of them mean?