Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices were mixed for the week ending on Labor Day, as the transition from summer grade gasoline blends to the less expensive to produce winter gasoline formulas prompt different trading activity. Gasoline prices moved lower along the West Coast amid ample supply, while short covering…
Third Party Bids For Casey’s
Couche-Tard has some competition in its quest to acquire Casey’s General Stores Inc. Casey’s announced that it has received a preliminary proposal from a strategic third party regarding a consensual transaction at $40 per share in cash. Casey’s General Stores Inc.’s Board of Directors today, Sept. 7, unanimously recommended against Alimentation Couche-Tard Inc.’s revised tender…
FDA Releases Tobacco Guidelines
The Food and Drug Administration (FDA) has issued draft guidance for tobacco retailers on civil money penalties and no-tobacco-sale orders for violations of the Family Smoking Prevention and Tobacco Control Act. The guidance gives retailers insight into the FDA’s current thinking, and how it plans to address violations. NACS outlined the five main issues the…
FDA Releases Tobacco Guidelines
The Food and Drug Administration (FDA) has issued draft guidance for tobacco retailers on civil money penalties and no-tobacco-sale orders for violations of the Family Smoking Prevention and Tobacco Control Act. The guidance gives retailers insight into the FDA’s current thinking, and how it plans to address violations. NACS outlined the five main issues the…
Quest Oil Acquires B&B Oil
Kerrville, Texas-based Quest Oil Inc., an independent oil and gas exploration company, successfully acquired all of the outstanding shares of B&B Oil, a private, independent oil and gas exploration and development company based in Fredericksberg, Texas, on Aug. 6. Quest Oil now holds a 100% equity interest in and title to B&B Oil’s assets. In…
Quest Oil Acquires B&B Oil
Kerrville, Texas-based Quest Oil Inc., an independent oil and gas exploration company, successfully acquired all of the outstanding shares of B&B Oil, a private, independent oil and gas exploration and development company based in Fredericksberg, Texas, on Aug. 6. Quest Oil now holds a 100% equity interest in and title to B&B Oil’s assets. In…
Rutter’s Announces Sixth Gas Winner
Delane Smith of Wrightsville, York County, Pa., regularly stops for coffee at Rutter’s on his way to his housekeeping job at York Hospital. And just as regularly, he enjoys a witty give-and-take with employees at the Rutter’s at Route 30 and Sherman Street. “What can I do to get you to smile when you come…
Rutter’s Announces Sixth Gas Winner
Delane Smith of Wrightsville, York County, Pa., regularly stops for coffee at Rutter’s on his way to his housekeeping job at York Hospital. And just as regularly, he enjoys a witty give-and-take with employees at the Rutter’s at Route 30 and Sherman Street. “What can I do to get you to smile when you come…
Couche-Tard Responds
Alimentation Couche-Tard Inc. today responded to the announcement by Casey’s General Stores Inc. that it had authorized discussions with a third party regarding a preliminary non-binding proposal to acquire Casey’s: “We are pleased that Casey’s is now in ‘revlon’ mode given that the Casey’s Board of Directors has finally made the decision to put the…
The Pantry Names Mark Bierley as CFO
Cary, N.C.-based The Pantry Inc. an independently operated convenience store chain in the southeastern U.S., has appointed Mark Bierley as the company’s senior vice president and chief financial officer, effective Sept. 27, 2010. Bierley replaces Frank Paci, who has informed the board of directors that he plans to resign, effective Sept. 26, 2010, to pursue…