Testing New Products As new products earn their way onto your menu don’t forget about the equipment. “Let’s say you’ve got a roller grill and you’ve been selling hot dogs forever,” explained Larry Miller, president of Miller Management & Consulting Services Inc. in Sanford, Fla. “Now somebody brings you a handheld Mexican product,…
Industry Shines in National Rankings
Inc. magazine has revealed its fourth annual Inc. 5000 list, an exclusive ranking of the nation’s fastest-growing private companies. “The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. President Bob LaPointe. “The 2010 Inc. 5000 showcases…
Is Couche-Tard Out?
After Casey’s shareholders rejected Couche-Tard’s nominees for the board of directors last week, and instead reelected its standing board, analysts are weighing in on whether or not Couche-Tard is out of the game and whether 7-Eleven will come through with a bid. U.S. billionaire and hedge fund manager Steven Cohen, founder of SAC Capital Advisors…
Couche-Tard To Casey’s: Reveal Terms of 7-Eleven Bid
Alimentation Couche-Tard Inc. challenges Casey’s to announce any developments relating to 7-Eleven’s non-binding preliminary bid on Sept. 2, ahead of the 2010 Annual Meeting of Shareholders scheduled for Sept. 23. “We believe that disclosure of 7-Eleven’s preliminary, non-binding indication of interest is yet another attempt to obfuscate the choices that have been presented to the…
Couche-Tard Would Increase Offer
Alimentation Couche-Tard Inc. is again appealing to Casey’s shareholders ahead of this week’s annual shareholders meeting set for Sept. 23. It urged shareholders to consider the following when voting: “7-Eleven has not made a formal offer to acquire Casey’s. Unlike Couche-Tard’s $38.50 per share fully-financed cash premium offer to acquire all of the outstanding shares…
NCASEF Raises $100,000 To Help War Veterans
The National Coalition of Associations of 7- Eleven Franchisees (NCASEF), the professional trade association for 7- Eleven storeowners has donated $100,000 to Hire Heroes USA, an Alpharetta, Ga.-based non- profit placement firm for returning war veterans. The award was made at the grand banquet on the last night of the National Coalition’s 35th Annual Convention…
KISS Cups Debut at 7-Eleven
KISS, the legendary American rock band is currently wowing standing-room-only crowds across North America with The Hottest Show on Earth tour. Now 7-Eleven customers can pick from four collectible Super Big Gulps courtesy of Dr Pepper, each bearing the likeness of one of the KISS band members – Paul Stanley, Gene Simmons, Tommy Thayer and…
Casey’s Confirms Discussions with 7-Eleven
Casey’s General Stores Inc. has officially confirmed that it has entered discussions with 7-Eleven Inc., regarding a potential acquisition. On Sept. 2, 2010, Casey’s received an unsolicited preliminary proposal from 7-Eleven regarding a consensual transaction at $40 per share in cash. As disclosed in Casey’s Schedule 14D-9 filed with the Securities and Exchange Commission on…
Casey’s To Acquire 52 Stores
Casey’s General Stores Inc. has released its first quarter of fiscal 2011 results ended July 31, 2010, and with it an announcement that it has signed commitments to acquire an additional 52 locations, which it anticipates purchasing by the end of the calendar year. Casey’s reported basic earnings per share of $0.73 and approximately $6.2…
Couche-Tard Suggests That Casey’s Delay Annual Meeting
Alimentation Couche-Tard Inc. has sent a letter to the Board of Directors of Casey’s General Stores Inc. in response to the chain’s announcement that it has authorized discussions with 7-Eleven involving a possible acquisition after repeatedly rebuffing Couche-Tard’s offers for the company. In the letter, the company expressed its dismay with Casey’s refusal to discuss…