Ankeny, Iowa-based Casey’s General Stores Inc. has filed with the Securities and Exchange Commission a definitive proxy statement and a letter sent to Casey’s shareholders from Casey’s President and CEO Robert Myers. The letter, dated Aug. 12, informed shareholders that Casey’s has nominated all of its directors for reelection and urged shareholders to vote for…
Love’s Opens Five Chester’s
Love’s Travel Stops & Country Stores is opening five new Chester’s locations at its stores. The fried chicken foodservice offering is set to appear at Love’s locations in Corning, Calif., Tacoma, Wash., Des Moines (Clive), Iowa, Oak Creek, Wis., and Gary, Ind. Following the merger of Flying J Inc. and Pilot Travel Centers LLC, the…
Seneca Cos. Receives Safety Award
Des-Moines, Iowa-based Seneca Cos. has been granted a Safety Award from the Iowa-Illinois Safety Council for outstanding achievement in accident prevention during the 2009 calendar year. The company offers multiple divisions to handle Petroleum construction, remodels and service, as well as environmental clean-up, remediation and the use of potentially dangerous machinery for industrial cleaning, hydroblasting…
Investor Urges Casey’s To Negotiate Bid
ClearBridge Advisors, A New York investments firm with a large stake in Casey’s General Stores is encouraging the Ankeny, Iowa-based convenience store chain to hold talks with Couche-Tard. In a letter written Monday, ClearBridge Advisors said Casey’s owes it to shareholders to determine whether Alimentation Couche-Tard Inc. would raise its $36-per-share offer. “We agree that…
Couche-Tard Versus Iowa
Alimentation Couche-Tard plans to challenges the constitutionality of several Iowa anti-takeover laws as part of the company’s hostile bid to purchase Casey’s General Stores, the Des Moines Register reported. Couche-Tard, which operates 5,883 convenience stores in the U.S. and Canada, filed court papers late last week alleging that three Iowa statutes contradict U.S. law, creating…
Casey’s Files Lawsuit
Casey’s General Stores Inc. on Friday, June 11, filed a complaint in the U.S. District Court for the Southern District of Iowa against Alimentation Couche-Tard Inc., alleging that Couche-Tard violated federal securities laws in connection with its unsolicited tender offer to purchase all of Casey’s outstanding shares for $36.00 per share in cash. As announced…
Iowa Helping Casey’s Fight
What a difference location can make. Casey’s, one of 12 public companies incorporated in Iowa, should be thankful right now it’s not incorporated in, say, Delaware where it might not have an much latitude to defend itself form Couche-Tard’s hostile bid. In the New York Times, Steven Davidoff, writing as The Deal Professor, who weighs…
Casey’s Urges Shareholders To Reject Bid
Ankeny, Iowa -based Casey’s General Stores Inc. is telling its shareholders to reject the hostile $1.9 billion buyout offer from Alimentation Couche-Tard, the Associated Press reported. Casey’s board said the $36-per-share bid from Canada’s Couche-Tard Inc. is too low and isn’t in Casey’s best interest. In a statement Tuesday, Casey’s CEO Robert Myers called the…
ISU Wins Krause Challenge
Kum & Go L.C. announced that Iowa State University is the 2010 winner of the Krause Challenge. Launched in 1998 by W.A. Krause, founder and chairman of Kum & Go, the Krause Challenge gives finance students at The University of Northern Iowa, Drake University, Iowa State University and the University of Iowa real world investment…
United Way Honors Kum & Go
Kum & Go L.C., received the 2010 Organization Give Award at the 2010 LIVE UNITED Recognition Luncheon. Kum & Go has been an active participant in the United Way of Central Iowa’s annual fundraising campaigns. “We were very excited and honored to receive the 2010 Organization Give Award from the United Way of Central Iowa…