The Law Offices of Howard G. Smith announced it is looking into potential claims against the board of directors of Casey’s General Stores Inc. related to the unsolicited purchase offer the company received from Alimentation Couche-Tard Inc. Couche-Tard is looking to acquire all outstanding shares of Casey’s for $36 per share in cash. The proposed…
Casey’s Rejects Unsolicited Couche-Tard Bid
Following an unsolicited proposal from Alimentation Couche-Tard, Casey’s General Stores stock grew 20.7% to $38.10 in premarket trading Monday after the company unanimously rejected the offer, The Street reported. Casey’s received the unsolicited buyout proposal for $36 a share in cash on March 9. In a statement released on April 9, Casey’s said “the board…
Couche-Tard Makes Unsolicited Bid for Casey’s Stores
Alimentation Couche-Tard Inc., the Canadian convenience-store chain, made an unsolicited bid for Casey’s General Stores Inc. for $36 a share in cash, BusinessWeek reported Couche-Tard offered the Ankeny, Iowa-based company, which operates more than 1,500 stores in the Midwest, 14% more than its closing price yesterday in Nasdaq Stock Market trading. Including about $29 million…
Casey’s Earnings Increase 23%
Casey’s General Stores Inc. reported $0.34 in basic earnings per share for the third quarter of fiscal 2010 ended Jan. 31, 2010, compared to $0.28 for the same quarter a year ago. Year to date, basic earnings per share were $1.87 versus $1.38 for the same period last year. “The acquisition environment has become more…
Capitalizing on Coffee
Opportunity for Growth 54% of the overall adult population drank coffee beverages daily in 2009. Coffee preparation at home is up five percentage points, with 83% of past-day coffee drinkers reporting that they made coffee at home the day before. 80% of coffee drinkers are doing nothing different despite the economic downturn. 17% are visiting…
Casey’s Sponsors USMTS National Tour
Casey’s General Stores is continuing its tradition of being the title sponsor of the U.S. Modified Touring Series (USMTS) National Tour and the Hunt for the USMTS National Championship for at least the next three seasons, USMTS reported. For the seventh straight year, the USMTS Casey’s General Stores National Tour campaign will kick off with…
Casey’s Breaks Ground On New Site
Casey’s General Stores Inc. has begun construction on a new location that is set to open by this summer in Neosho, Mo., between Cash Country and Price Cutter on the Neosho Boulevard, Neosho Daily News reported. Casey’s, which operates 1,474 corporate sites, is in the process of rolling out a new store format, which will…
Catering to the Community
It was 1968 when Don Lamberti purchased a Boone, Iowa service station and converted it into a convenience store, launching what would eventually grow into the thriving chain known as Casey’s General Stores. By the end of its first decade, Casey’s had more than 100 locations, plus its own warehouse. To meet its growing business…
What’s Your Solution?
SKU SLEUTH … Rick Cosmer, vice president of retail sales and operations at Mansfield Oil Co. in Georgia, has found cutting-edge back-office systems can offer huge payoffs in terms of data analysis and sales tracking. Cosmer said the most powerful piece of his system allows him to drill down J.D. to individual products to determine…
Finding Pizza Perfection
Choosing a branded pizza partner means balancing a complex equation that weighs such factors as product quality, financial and logistical considerations, marketing programs, employee training, ongoing support, brand equity and local competition. Suddenly, a cheese pizza isn’t so simple any more. It’s a complex decision that must be made carefully, said Dan Rotherham, director of…