The Quebec discount would be applicable for a takeover candidate, as there would be political wranglings to let a Quebec company into the hands of foreign ownership.  But since ACT is the other way around, a Quebec company looking for acquitsitions, this is not the case.  ACT has become a powerhouse in the convenience sector in North America, and soon enough in Europe.

The reason the stock went down from 50$ to 45$ is due to the fact that it increased 67% since the Statoil acquisition, from 30$ to 50$, so a little correction is normal.