ANKENY, Iowa — The board of directors of Casey's General Stores here on Wednesday again asked its shareholders to reject a revised takeover offer from Canadian counterpart Alimentation Couche-Tard, and instead announced a plan to buy back $500 million of its own stock at a higher price per share. The $500 million recapitalization would be executed through a "Dutch auction" self-tender offer at share prices between $38 and $40 per share, Casey's said. Couche-Tard's latest tender offer is for ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.