Acquisition provides increased production capacity to meet growing demand both now and in the future. Jack Link’s Beef Jerky is acquiring a packaged meat snack products manufacturing facility located in Bellevue, Neb., from Skylark Meats LLC, a subsidiary of American Foods Group LLC. The transaction is expected to close by the end of October 2012, [...]
Alimentation Couche-Tard Inc. is again appealing to Casey’s shareholders ahead of this week’s annual shareholders meeting set for Sept. 23. It urged shareholders to consider the following when voting: “7-Eleven has not made a formal offer to acquire Casey’s. Unlike Couche-Tard’s $38.50 per share fully-financed cash premium offer to acquire all of the outstanding shares [...]
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 [...]
Mid-Atlantic Convenience Stores (MACS), an investment platform backed by Catterton Partners, a consumer-focused private equity firm in North America, has acquired 58 convenience stores/fuel stations, located in Northern Virginia and Maryland, from Exxon Mobil Corp. Terms of the transaction were not disclosed. MACS is a convenience store operator in the Mid-Atlantic region and one of [...]
BP is selling its upstream assets in the U.S., Canada and Egypt to Apache Corp., outlined in a number of agreements this week. The deals together total $7 billion, and comprise BP’s Permian Basin assets in Texas and south-east New Mexico in the U.S.; its Western Canadian upstream gas assets; and the Western Desert business [...]
Alimentation Couche-Tard Inc. has increased its offer for Casey’s General Stores Inc. to $36.75 per share in an effort to persuade shareholders to back its takeover. The revised transaction has a total enterprise value of approximately $1.9 billion on a fully diluted basis, including net debt of Casey’s of approximately $28 million. Couche-Tard’s original offer was $36, [...]
Energy North placed a winning bid of $9.27 million, plus the value of the stores’ inventory to acquire M.W. Sewall’s 11 Clipper Mart stores, outbidding Cumberland Farms Inc.’s $8.5 million offer, The Times Record reported. Other qualified bidders at Tuesday’s auction included H.A. Mapes Inc., Mac’s Convenience Stores LLC and TD Bank. Two other qualified [...]