US: Casey's acquires 24 Stop-n-Go stores

By Hannah Abdulla | 13 February 2014

Caseys has purchased 24 new Stop-n-Go locations

Casey's has purchased 24 new Stop-n-Go locations

US convenience retailer Casey's General Stores has announced the acquisition of 24 Stop-n-Go outlets.

Twenty of the stores are located in North Dakota and four are located in Minnesota.

The acquisition will be "accretive" to earnings in the first year of operations, explained Casye's CEO and president Rob Myers.

"We are excited about the opportunity to acquire the Stop-n-Go chain as they are a well-managed and established group of stores in a relatively new market area for Casey's," Myers said yesterday (12 February).

"We hope this acquisition serves as a springboard for more Casey's locations in the area as we continue to look for opportunities to build and buy stores in the upper Midwest," he added.

Shares in Casey's General Stores were down 0.90% at US$66.33 at 15:52.

Sectors: Mergers & acquisitions, Retail

Companies: Casey’s General Stores

View next/previous articles

Currently reading -

US: Casey's acquires 24 Stop-n-Go stores

There are currently no comments on this article

Be the first to comment on this article

Related research

Casey's General Stores, Inc. - SWOT, Strategy and Corporate Finance Report

Casey's General Stores, Inc. - SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, detailed financ...

Casey's General Stores, Inc. (CASY) - Financial and Strategic SWOT Analysis Review

Casey's General Stores, Inc. (CASY) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an...

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page