Couche-Tard is seeking shareholder support for the eight new board members it has put up for election at Casey’s General Stores’ annual meeting.
In its latest attempt to takeover Casey’s, the company sent a letter to its shareholders, in which Couche-Tard CEO Alain Bouchard said: “We are writing directly to you because, despite our repeated attempts to engage in a dialogue with Casey’s, your board of directors has thus far refused to negotiate with Couche-Tard.
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“It is important that the shareholders of Casey’s, as the real owners of the company, decide for themselves the merits of Couche-Tard’s all-cash premium offer without obstruction or obfuscation by the Casey’s board.”
Couche-Tard described the recent leverage recapitalisation plan by Casey’s as a “desperate attempt to distract shareholders from our all-cash premium offer for the entire company”.
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