The Pantry announces the final results of its offer to purchase senior subordinated notes. The Pantry Inc. released its final results of its offer to purchase any and all of its outstanding 7.75% senior subordinated notes due 2014 and solicitation consents from holders of the notes to effect certain proposed amendments to the indenture from…
Core-Mark Reports Quarterly Cash Dividend
Core-Mark Holding Company Inc., one of the largest marketers of fresh and broad-line supply solutions to the c-store retail industry in North America, announced its board of directors has declared a quarterly cash dividend of $0.17 per common share. The dividend is payable on Sept. 17, 2012 to shareholders of record as of the close…
The Pantry Announces Early Results Of Tender Offer
The Pantry Inc. announced early results of its offer to purchase any and all of its outstanding 7.75% senior subordinated notes due 2014 and solicitation of consents from holders of the notes to effect certain proposed amendments to the indenture governing the notes. As of 5 p.m. EST on Aug. 2, $198,856,000 in aggregate principal…
Susser Pursues Master Limited Partnership IPO Of Wholesale Fuel Business
“We believe this transaction will allow us to de-lever the convenience store portion of our business, reduce our cost of capital and further diversify our access to capital to fund our growth strategy,” says Susser CEO. Susser Holdings Corp.’s Board of Directors has approved the filing of a registration statement to effect an initial public…
Three-Fourths At Statoil Accept Couche-Tard’s Offer
More Statoil shareholders accept Alimentation Couche-Tard’s tender offer as of Tuesday. Alimentation Couche-Tard reports 77.7% of Statoil Fuel & Retail shareholders have accepted its takeover offer, an increase from 66.7% three weeks ago, after a large shareholder agreed to bid on Tuesday. Alimentation Couche-Tard declined to identify the shareholder, but said it was “very confident”…
Alimentation Couche-Tard Extends Statoil Offer
Alimentation Couche-Tard announces its offer to Statoil Fuel & Retail expires June 20. Alimentation Couche-Tard Inc. waived all conditions under its offer to Statoil Fuel & Retail, including but not limited to the 90% acceptance level as indcated in the offer document dated April 19. The new extension period will expire on June 20, and…
Couche-Tard Extends Statoil Bid To June
Alimentation Couhce-Tard’s offer to acquire all of the shares of Statoil Fuel & Retail for NOK 51.20 per share in cash now expires in early June. Alimentation Couche-Tard Inc. announced that its voluntary offer to acquire all of the issued shares of Norwegian-based Statoil Fuel & Retail has been extended and will expire at 5:30…
Wawa Supports JOBS Act
“Wawa’s ability to grow and expand has a direct, positive impact on the communities in which we operate,” says Wawa CEO. Wawa participated in the White House ceremony to sign the Jumpstart Our Business Startups (JOBS Act), bipartisan legislation that will reduce the regulatory burdens on small businesses, enhancing their ability to grow and create…
Marathon Petroleum Corp. Receives Unsolicited Mini-Tender Offer
MPC urges shareholders to reject tender offer by TRC Capital Corp. Marathon Petroleum Corp. (MPC) has received notification of an unsolicited mini-tender offer by TRC Capital Corp. to purchase up to 2,000,000 shares (approximately 0.58%) of MPC’s outstanding common stock at a price of $41.50 per share. The offer price was 4.47% below the closing…
Walgreens Announces Share Repurchase Program
The board of directors of Walgreen Co. has authorized a new $1 billion share repurchase program, which will expire at the end of 2012. The board also declared a regular quarterly dividend of 17.5 cents per share, a 27.3% increase over the year-ago dividend. The dividend is payable Dec. 11, 2010, to shareholders of record…