Scottsdale-based Florida Oil Holdings LLC bought 24 BP locations in Florida’s Lake, Orange and Osceola counties between March 8-11 for $33.5 million, marking its entry into the Central Florida market, the Orlando Business Journal reported. The stations were purchased in separate transactions under different business entity names. In acquiring the stores, the firm signed a [...]
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 [...]
Wawa Inc. announced that its ATM transactions are on pace this month to surpass an extraordinary milestone: the one-billionth transaction using Wawa’s surcharge-free PNC Bank ATMs. Through the years, Wawa and PNC customers have collectively saved more than $1.3 billion in potential ATM surcharge fees. To celebrate this milestone, Wawa is hosting with PNC Bank [...]
Walgreen Co. has completed the acquisition of Duane Reade Holdings Inc. The transaction includes all 258 Duane Reade stores in the New York City metropolitan area, as well as Duane Reade’s corporate office and two distribution centers. “Just as Walgreens has been a trusted community pharmacy for more than 100 years, we plan for Duane [...]
Just days after publicly rejecting Alimentation Couche-Tard’s unsolicited bid, Akron, Iowa-based Casey’s General Stores Inc. announced that it will be the one making an acquisition. Casey’s is purchasing 10 Holiday Stationstore convenience stores in Nebraska and Iowa, Bill Walljasper, senior vice president and CFO of Casey’s told the Omaha World Herald. Casey’s, which operates 1,500 [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline values are easing from an 18-month high while the national average for retail gasoline prices started April at a 17-month high, prompting some in the industry to quip, “It’s déjà vu all over again,” borrowing a line from legendary baseball star Yogi Bera. Widely discussed, [...]
Shell Oil Products U.S., in partnership with its credit card issuer Citi, is launching a new Shell Drive for Five Card. The Shell Drive for Five Card will offer new cardholders the opportunity to save five cents per gallon on Shell-branded fuel. Shell believes the new card is one of the first proprietary cards with [...]
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 [...]
Quick Chek, which operates more than 120 fresh food store locations throughout New Jersey and southern New York, is hosting a grand opening celebration at its newest location in Manchester, N.J., with free coffee; plus kids under five feet tall get free fountain drinks during the store’s first 13 days in business (Apr. 13-25). Located [...]
Gulf Oil has entered a new sponsorship agreement with Major League Baseball’s Baltimore Orioles in time for the Orioles’ home opener against the Toronto Blue Jays, the company announced Friday, April 9. The cornerstone element of the relationship will be new field level signage in right field, which will proudly display Gulf’s iconic orange disc. [...]
CITGO Pop Shoppe stores across North Carolina have rallied the community in support of children and families touched by debilitating neuromuscular diseases. Through paper shamrock sales, CITGO Pop Shoppe stores and their supplier Mid-State Petroleum, raised more than $27,000, enough to send more than 30 children with muscular dystrophy to a Muscular Dystrophy Association (MDA) [...]
On April 28, York, Pa.-based Rutter’s will accept the 2010 Community Service Award at the York County Chamber of Commerce’s “Spirit of York” breakfast. The award recognizes an organization for having a culture that motivates its employees to be personally involved in community service. “Rutter’s has been a strong champion of the community,” said Bob [...]
Quick Chek, which operates more than 120 fresh food store locations throughout New Jersey and southern New York, mourns the passing of long time friend and corporate family member Anthony Napodano. Napodano, who served as the company’s vice president legal and general counsel until his retirement in 2007, was 72. Napodano began his legal career [...]
Valero Energy Corp. is selling the assets of its terminal operation and discontinued operations in Delaware City to the Delaware City Refining Company LLC and Delaware Pipeline Company LLC, wholly owned subsidiaries of PBF Energy Partners LP. Valero is selling the assets for $220 million and will retain the minimal levels of remaining crude oil [...]
Chevron Products Co. plans to distribute a series of “Energy for Learning” grants totaling $1 million among 15 South Bay schools, signifying the largest science, technology, engineering and math (STEM)-related donation ever made by Chevron’s El Segundo Refinery in support of local educational programs. As part of the announcement activities, and in recognition of Mathematics [...]