Casey's General Stores

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US: Casey's General Stores unveils US$500m recapitalisation plan

28 Jul 2010

US c-store operator Casey's General Stores has unveiled a US$500m recapitalisation plan for and reaffirmed its strategy to grow the business amid continued interest from Canadian suitor Couche-Tard.

US: Couche-Tard increases Casey's bid

22 Jul 2010

Couche-Tard has increased its tender offer to acquire Casey's General stores to US$36.75 a share. The latest bid values the company at approximately $28m, including net debt.

UPDATE: CANADA/US: Casey's takes swipe at Couche-Tard

12 Jul 2010

Casey's General Stores today (12 July) dismissed the hostile takeover bid from Couche-Tard as "inadequate" after the Canadian retailer gave investors in the US c-store operator more time to accept its offer.

CANADA/US: Couche-Tard gives Casey's investors more time on bid

12 Jul 2010

Canadian retailer Couche-Tard has given shareholders in US target Casey's General Stores more time to accept its hostile takeover bid.

US/CANADA: Casey's investor urges Couche-Tard negotiations

29 Jun 2010

Canadian convenience retailer Couche-Tard's ongoing aggressive pursuit of Casey's General Stores has received support from a major shareholder in its US target.

Editor's choice: the best of just-food this week

18 Jun 2010

Europe's politicians waded into the divisive issue of food labelling this week and issued a red light to imposing mandatory traffic-light labels. Danone's international expansion motored on with a deal in Russia, while Brazilian meat group Marfrig made another overseas acquisition - but has it over indulged?

Comment: Casey's results weaken Couche-Tard's hand

16 Jun 2010

Couche-Tard, we argued back in April, would have a hard time convincing shareholders at Casey's General Stores that its US$1.9bn bid for the US c-store operator was an attractive offer.

US: Casey's reports record earnings

15 Jun 2010

US c-store group and takeover target Casey's General Stores has posted an impressive lift in its fourth-quarter and full-year earnings, boosted by retail sales and and higher fuel prices.

US: Couche-Tard hits back at Casey's lawsuit

14 Jun 2010

Couche-Tard has hit back at claims that it manipulated the marketplace with its offer to acquire US c-store rival Casey's General Stores.

Casey's versus Couche-Tard timeline

14 Jun 2010

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.

US: Casey's turns up heat on Couche-Tard with lawsuit

11 Jun 2010

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".

Quote, unquote: just-food's week in words

11 Jun 2010

The food world this week has been dominated by the news that Tesco's long-serving CEO Terry Leahy is to step down after 14 years at the top of the company. There was also more on Wal-Mart's interest in Russia and the takeover battle in the US for c-store business Casey's General Stores.

US: Casey's attacks Couche-Tard takeover bid

8 Jun 2010

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.

CANADA: Couche-Tard hardens plans to nominate Casey's directors

7 Jun 2010

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.

Quote, unquote: just-food's week in words

4 Jun 2010

Food firms remained upbeat this week as they delivered their latest results. Russia's Wimm-Bill-Dann Foods said its margins from dairy would improve as the year progressed, while UK food and drinks firm Innocent insisted it was not struggling but growing market share. Elsewhere, new marketing is set to hit UK screens with a new-look Flake advert from Cadbury and a pizza push from Northern Foods, which conceded its Goodfella’s brand had not performed as expected. Here is the best of who said what this week.

UPDATE: US: Casey's urges shareholders to sit on Couche-Tard bid

2 Jun 2010

Casey's General Stores has called on its shareholders to refrain from responding to rival c-store operator Couche-Tard's hostile takeover offer.

CANADA/US: Couche-Tard returns to table with Casey's bid

2 Jun 2010

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.

CANADA: Couche-Tard COO steps down

10 May 2010

The chief operating officer of Canadian c-store giant Couche-Tard has stepped down from his role after 25 years with the company.

US: Casey's takes “poison pill” to thwart Couche-Tard takeover

20 Apr 2010

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.

COMMENT: Long road ahead for Couche-Tard in Casey's pursuit

13 Apr 2010

Couche-Tard, the Canadian convenience store operator, will need to be in it for the long haul if it wants to succeed in its pursuit of US rival Casey's General Stores.

UPDATE: US: Casey's slams Couche-Tard and dismisses bid

9 Apr 2010

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.

CANADA: Couche-Tard bids for Casey's

9 Apr 2010

Canadian c-store operator Couche-Tard has submitted a bid to buy US-based Casey’s General Stores for US$1.9bn.

The top stories on just-food this week

9 Apr 2010

There was an M&A flavour to this week's news, with speculation over the possible disposals of Unilever's last frozen food operation, as well as the European seafood business behind tuna brand John West. UK poultry giant The Boparan Group bought fish group Five Star Fish and promised to build its retail base, while we interviewed UK own-label giant Bakkavor's CEO and CFO.

Quote, unquote: just-food's week in words

9 Apr 2010

UK retailer Marks and Spencer posted lacklustre fourth-quarter food sales, which analysts say raises doubts over the positioning of the group’s food business.



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