ANKENY, Iowa — The convenience store industry last week was still waiting for the next shoe to drop in a developing standoff between Casey's General Stores and a larger Canadian counterpart, Alimentation Couche-Tard. The board of directors of Casey's here rejected a hostile takeover attempt from Couche-Tard, saying the $1.9 billion offer “vastly undervalues Casey's and our future prospects.” Couche-Tard's offer of $36 per share — a 14% premium on Casey's closing share price — came to light ...
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