Nov 26 (Reuters) - Caltex Australia Ltd CTX.AX :
* NOTES RECENT MEDIA REPORTS ABOUT A POTENTIAL TAKEOVER PROPOSAL FOR CALTEX
* CONFIRMS RECENTLY RECEIVED UNSOLICITED, CONDITIONAL, CONFIDENTIAL, NON-BINDING & INDICATIVE PROPOSAL FROM ALIMENTATION COUCHE-TARD
* CALTEX BOARD IS CURRENTLY CONSIDERING PROPOSAL
* DEAL FOR INDICATIVE CASH PRICE OF A$34.50 CASH PER SHARE LESS ANY DIVIDENDS DECLARED BY CALTEX
* DISCUSSIONS BETWEEN CALTEX AND ACT ARE AT A PRELIMINARY STAGE, PROPOSAL IS HIGHLY CONDITIONAL
* PROPOSAL FOLLOWED AN EARLIER APPROACH FROM ACT AT AN INDICATIVE CASH PRICE OF A$32.00 PER SHARE, WHICH WAS REJECTED
* CALTEX BOARD IS CURRENTLY CONSIDERING PROPOSAL, INCLUDING OBTAINING ADVICE FROM ITS FINANCIAL AND LEGAL ADVISERS