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Casey’s Expands Hours

Several Illinois stores set to stay open 24 hours. More than 24 Casey’s General Stores in Illinois are set to stay open 24 hours, starting March 1, the Pantagraph reported. Three stores in Bloomington, Ill., plus one each in Pontiac, Dwight, Streator, Tremont and Heyworth, Ill., are among those that will be featuring the extended

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Casey’s Acquires 11 Stores From NuWay

The acquisition “strengthens our existing market presence in southern Minnesota,” says Casey’s president and CEO. Ankeny, Iowa-based Casey’s General Stores Inc. has signed a definitive purchase agreement to acquire 11 convenience stores from NuWay Cooperative of Trimont, Minn. All of the stores are located in Minnesota operating under the NuMart banner and will be immediately

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Casey’s Sues Subway

The right to use the word “footlong” in relation to sandwiches sparks debate, court case. Ankeny, Iowa-based Casey’s General Stores Inc., is suing Subway following the sandwich chain’s assertion that it owns the exclusive rights to the non-hyphenated, term “footlong” in promoting sandwiches, The Des Moines Register reported. Subway, with 34,000 outlets in 93 countries,

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“Casey’s Madness” Social Media Campaign Debuts

Digital marketing promotion aims to boost online community for the Midwestern c-store chain. Ankeny, Iowa-based Casey’s General Store has launched “Casey’s Madness,” a social marketing campaign focused on growing the brand’s online presence by engaging customers through social media channels. The campaign is a competitive contest built around creative user generated content submitted through social networks

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Casey’s Looks To Buy City Block In South Dakota

Planned site would include a sit down area for foodservice and a modern appearance. Casey’s General Stores Inc. has plans to purchase a long-vacant lot on East 10th in Sioux Falls, S.D., allowing it to develop a convenience store and gas station that could span an acre, Sioux Falls Argus Leader reported. Communication Service for

Casey’s Acquires Market Express Store

Casey’s General Stores has acquired a Market Express convenience store on the east side of Marion, Iowa, for $1,025,000, The Gazette reported. The 4,000-square-foot Conoco-branded station and the adjacent 900-square-foot car wash were purchased from NH Petroleum LLC last month, according to Linn County Assessor records. The Market Express store was built in 1996 and

Casey’s 2nd Quarter Results Impacted by Hostile Bid

Ankeny, Iowa-based Casey’s General Stores Inc. released the results of its second quarter of fiscal 2011 ended Oct. 31, 2010. Casey’s reported 51 cents in basic earnings per share during the period and approximately $19.4 million in expenses pertaining to the company’s recapitalization plan completed in the second quarter, as well as the unsolicited hostile

Catchfire Media To Manage Social Networking For Casey’s

Casey’s General Stores Inc. has hired Catchfire Media, a social media firm, to manage social marketing strategies and technology solutions for its 1,637 c-stores. “We have loyal and passionate customers who want to communicate with us on the social Web, and our partnership with Catchfire Media will help us achieve that goal,” said Cory Hart,

7-Eleven Confirms End of Discussions With Casey’s

7-Eleven Inc. has confirmed that discussions with Casey’s General Stores Inc. regarding a potential transaction have terminated. 7-Eleven made a preliminary proposal of $40 per common share for a consensual transaction on Sept. 2, 2010. After completing additional due diligence, 7-Eleven raised its offer to $43 per common share. 7-Eleven believes its revised proposal fairly

Casey’s Rejects 7-Eleven Bid

Casey’s General Stores Inc. has rejected a $43-per-share offer by 7-Eleven and ended talks with the convenience store operator owned by Japan’s Seven & I Holdings, Reuters reported. Shares of Casey’s dropped 5% after it announced the revised offer did not reflect its full value and growth opportunities. In early September, 7-Eleven made a non-binding

Casey’s Acquires 44 Kabredlo’s Stores

Casey’s General Stores Inc. has signed an asset purchase agreement to acquire up to 44 Kabredlo’s locations. The 44 stores include 22 in Nebraska, 21 in Kansas and one in Oklahoma. All of the locations acquired will be converted to Casey’s General Stores. For the 12 months ended June 30, 2010, these stores generated annual

Casey’s Completes Short Stop Acquisition

Ankeny, Iowa-based Casey’s General Stores Inc. has completed the acquisition of six convenience stores in Iowa owned by J.D. Carpenter Companies Inc. The stores operate under the Short Stop banner and are expected to be immediately rebranded to Casey’s. “After approaching Short Stop nearly three months ago, we were pleased with how smoothly the process

Casey’s to Acquire On The Way Locations

Casey’s General Stores Inc. has entered into an agreement to purchase up to 19 convenience stores in Illinois owned by Harper Oil Co. Inc. The stores are currently operated under the “On The Way” banner and will be rebranded to Casey’s. Harper, which owns other On The Way stores, plans to continue to operate its

Couche-Tard Walks Away

Alimentation Couche-Tard Inc. has allowed its tender offer to acquire all of the outstanding shares of Casey’s General Stores Inc. for $38.50 per share in cash to expire at 5:00 p.m., New York City time, on Sept. 30, 2010. At the expiration of the offer, certain conditions to the offer had not been satisfied and

Is Couche-Tard Out?

After Casey’s shareholders rejected Couche-Tard’s nominees for the board of directors last week, and instead reelected its standing board, analysts are weighing in on whether or not Couche-Tard is out of the game and whether 7-Eleven will come through with a bid. U.S. billionaire and hedge fund manager Steven Cohen, founder of SAC Capital Advisors

Breaking News: Shareholders Reelect Casey’s Board

Casey’s General Stores Inc. today announced that, based on a preliminary vote count provided by its proxy solicitor, shareholders have reelected by a wide margin all eight of the company’s incumbent directors to Casey’s Board of Directors at the Company’s Annual Meeting held earlier today, Sept. 23. The incumbent directors include: Diane C. Bridgewater, Johnny

Couche-Tard To Casey’s: Reveal Terms of 7-Eleven Bid

Alimentation Couche-Tard Inc. challenges Casey’s to announce any developments relating to 7-Eleven’s non-binding preliminary bid on Sept. 2, ahead of the 2010 Annual Meeting of Shareholders scheduled for Sept. 23. “We believe that disclosure of 7-Eleven’s preliminary, non-binding indication of interest is yet another attempt to obfuscate the choices that have been presented to the

Couche-Tard Would Increase Offer

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

Casey’s Confirms Discussions with 7-Eleven

Casey’s General Stores Inc. has officially confirmed that it has entered discussions with 7-Eleven Inc., regarding a potential acquisition. On Sept. 2, 2010, Casey’s received an unsolicited preliminary proposal from 7-Eleven regarding a consensual transaction at $40 per share in cash. As disclosed in Casey’s Schedule 14D-9 filed with the Securities and Exchange Commission on

Couche-Tard Suggests That Casey’s Delay Annual Meeting

Alimentation Couche-Tard Inc. has sent a letter to the Board of Directors of Casey’s General Stores Inc. in response to the chain’s announcement that it has authorized discussions with 7-Eleven involving a possible acquisition after repeatedly rebuffing Couche-Tard’s offers for the company. In the letter, the company expressed its dismay with Casey’s refusal to discuss

Casey’s To Acquire 52 Stores

Casey’s General Stores Inc. has released its first quarter of fiscal 2011 results ended July 31, 2010, and with it an announcement that it has signed commitments to acquire an additional 52 locations, which it anticipates purchasing by the end of the calendar year. Casey’s reported basic earnings per share of $0.73 and approximately $6.2

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

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

Couche-Tard Raises Bid

Alimentation Couche-Tard Inc. has increased its tender offer for Casey’s General Stores to $38.50 per share in cash, as Casey’s responds by advising its shareholders not to take any action as it reviews the revised bid. The revised offer of $38.50 is $0.50 per share higher than the price at which a majority of outstanding

Casey’s Reports Recapitalization Results

Casey’s General Stores Inc. has announced the preliminary results of its modified “Dutch auction” self tender offer, which expired on Aug. 25, 2010 at midnight New York City time, determining the recapitalization was a success. Based on the preliminary count, a total of approximately 28.2 million shares were validly tendered at the minimum purchase price

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