Couche-Tard Appeals To Casey’s Shareholders in Letter

Alimentation Couche-Tard Inc. is soliciting votes from shareholders of Casey’s General Stores ahead of their 2010 annual meeting set for Sept. 23.

Couche-Tard has mailed a letter to shareholders along with its definitive proxy materials, as it hopes to sway shareholders to elect its slate of eight independent candidates to the Casey’s board of directors.

“We are confident our candidates for the Casey’s Board will bring independent oversight and exercise independent judgment in considering our all-cash offer,” said Alain Bouchard, president and CEO of Couche-Tard. “Without our offer, and especially given the impediments placed by Casey’s in the path of any change of control transaction, we firmly believe that the shareholders of Casey’s should expect that opportunities to realize a significant premium for their shares of common stock of Casey’s will be non-existent in the near future. We urge the Casey’s shareholders to send a clear and strong message to their Board that the Casey’s shareholders want directors who will act in their best interests by voting FOR our highly qualified candidates at the Casey’s annual meeting.”

 

 

 

 

 

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