Dec 3 (Reuters) - Caltex Australia Ltd CTX.AX :
* CALTEX AUSTRALIA LTD - UPDATES ON PROPOSAL FROM ALIMENTATION COUCHE-TARD
* CALTEX AUSTRALIA LTD - ANNOUNCES BOARD HAS CONCLUDED THAT PROPOSAL UNDERVALUES CO AND DOES NOT REPRESENT COMPELLING VALUE FOR CALTEX'S SHAREHOLDERS
* CALTEX AUSTRALIA LTD - CALTEX BOARD HAS OFFERED TO PROVIDE ATD WITH SELECTED NON-PUBLIC INFORMATION TO ALLOW ATD TO FORMULATE A REVISED PROPOSAL