Casey's versus Couche-Tard timeline
The battle for Casey's General Stores is turning increasingly bitter
The battle for control of US c-store retailer Casey's General Stores between its present management and Canadian suitor Couche-Tard has grown increasingly hostile in recent weeks. As the rhetoric is ramped up and Couche-Tard prepares to defend itself from a lawsuit, just-food publishes its timeline of the twists and turns so far. As the struggle develops, this timeline will update to keep you abreast of the latest news on this story.
14 June 2010
Couche-Tard hits back at Casey's lawsuit
Couche-Tard has defended itself from claims that it manipulated the marketplace with its offer to acquire US c-store rival Casey's General Stores.
Casey's turns up heat on Couche-Tard with lawsuit
The battle for the future of US c-store retailer Casey's General Stores has taken a bitter twist after the company filed a lawsuit against Couche-Tard - accusing its Canadian suitor of "market manipulation".
Casey's attacks Couche-Tard takeover bid
US c-store retailer Casey's General Stores today (8 June) went on the front foot in its takeover battle with Couche-Tard, defended its record and attacked its Canadian suitor. Casey's, which is looking to fight off a "highly opportunistic" US$1.9bn bid from Couche-Tard, said the offer did not "fully compensate" its shareholders for the potential synergies a deal could create.
Couche-Tard hardens plans to nominate Casey's directors
Canadian c-store retailer Couche-Tard has confirmed it will nominate nine candidates for election to the board of reluctant takeover target Casey's General Stores. Couche-Tard said it would go through with its threat to put forward candidates for election at Casey's AGM in September amid the US company's refusal to enter into takeover talks.
Casey's urges shareholders to sit on Couche-Tard bid
Casey's General Stores has called on its shareholders to refrain from responding to rival c-store operator Couche-Tard's hostile takeover offer.
Couche-Tard returns to table with Casey's bid
Couche-Tard, the Canadian convenience store operator, has taken its takeover bid for US rival Casey's General Stores direct to the company's shareholders.
Casey's takes “poison pill” to thwart Couche-Tard takeover
US convenience chain Casey's General Stores is adopting a shareholder rights agreement in its bid to halt the hostile takeover advances of Canadian c-store giant Couche-Tard.
Casey's slams Couche-Tard and dismisses bid
US c-store business Casey's General Stores has accused Canadian rival Couche-Tard of trying to buy retailers south of the border "on the cheap" and rejected its US$1.9bn takeover bid.
Couche-Tard bids for Casey's
Canadian c-store operator Couche-Tard has submitted a bid to buy US-based Casey’s General Stores for US$1.9bn. The all-cash proposal represents a 14% premium on Casey's closing price of $31.59 a share on Thursday, the firm said today (9 April).
The recent appetite for M&A in the food industry is showing little sign of abating....
Within a raft of trading updates this week, Kellogg and Chiquita Brands International posted disappointing results, although Unilever and organics retailer Whole Foods Market had better news for the m...
US c-store operator Casey's General Stores, which spent the summer fighting a takeover bid from Canada-based rival Couche-Tard, has seen the battle hit second-quarter profits....
Couche-Tard, the Canadian c-store retailer, has booked an increase in second-quarter profits, driven by a growth in merchandise and service sales....
7-Eleven said today (3 November) it still wants to pursue "aggressive" expansion in North America even after its bid to buy local c-store chain Casey's General Stores failed....
US c-store chain Casey's General Stores has signed a deal to acquire 44 Kabredlo's outlets....
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