Couche-Tard

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UPDATE: US: Couche-Tard urges investors to vote against Casey's at AGM

16 Sep 2010

Canadian c-store group Couche-Tard has released an open letter to the shareholders of takeover target Casey's General Stores that urges investors to vote against the US retailer at next week's AGM.

US: Couche-Tard receives proxy advisor blow in Casey's bid

16 Sep 2010

US c-store retailer and takeover target Casey's General Stores has received support for its board nominees from two proxy advisory services ahead of what looks set to be tense AGM next week.

US: Casey's hints higher bid could open door for Couche-Tard

15 Sep 2010

Casey's General Stores has hinted it would be willing to open talks with hostile suitor Couche-Tard if the Canadian group raises its offer for the US convenience store retailer.

US: Couche-Tard hints at possible higher offer for Casey's

13 Sep 2010

Couche-Tard has hinted it could raise its takeover bid for Casey's General Stores if the US retailer, which is also facing interest from c-store giant 7-Eleven, conducts a "fair" process to buy the company.

US: Casey's confirms 7-Eleven bid

10 Sep 2010

Casey's General Stores has confirmed it is in talks with 7-Eleven after receiving a US$2bn takeover bid from its larger US c-store rival.

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

10 Sep 2010

This week there was a lot of interest in UK grocery retailer Morrisons' H1 results and the City debut of its new CEO Dalton Philips.

US: Couche-Tard to buy Crystal Flash Petroleum stores in Indiana

10 Sep 2010

Couche-Tard has signed an agreement to acquire 12 stores in the Indianapolis, Indiana, area from Crystal Flash Petroleum.

US: 7-Eleven "tables offer" for c-store rival Casey's

9 Sep 2010

Convenience retailing giant 7-Eleven has reportedly made an offer to buy US rival Casey's General Stores.

US: Couche-Tard welcomes rival bid for Casey's

8 Sep 2010

Couche-Tard has reacted positively to news that there is a second suitor seeking to acquire Casey's General Stores.

US: Couche-Tard target Casey's receives rival bid

7 Sep 2010

Shares in US c-store retailer Casey's General Stores rose today (7 September) after the company, which is a target of Canada's Couche-Tard, said it had received a rival takeover bid.

Editor's choice: the highlights on just-food this week

3 Sep 2010

A raft of first quarter and first half results kept the pages of just-food turning this week, and the fragile recovery being seen in the global economy is being mirrored by some encouraging signs in our sector. Heinz, Kerry Group, Carrefour and Del Monte all came out in credit.

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

3 Sep 2010

The week saw a raft of quarterly and half-yearly reports from firm's including Heinz, Campbell Soup and Del Monte.

US: Couche-Tard increases Casey's offer

1 Sep 2010

Couche-Tard has increased its tender offer to Casey's General Stores to US$38.5 per share in cash.

UPDATE: US: Casey's rebuffs latest Couche-Tard acquisition attempt

1 Sep 2010

Casey's General Stores has rebuffed Couche-Tard's latest attempt to acquire the convenience operator, advising shareholders not to take any action regarding the latest tender offer.

US: Casey’s completes ‘Dutch’ auction tender offer

1 Sep 2010

Casey's General Stores has accepted payment for around 13.2m shares for US$500m as a result of its ‘Dutch auction’ tender offer.

Best bits: Carrefour swings back into profit

31 Aug 2010

Carrefour's reinvention attempts took on new vigour as it launched two Carrefour 'Planet' stores in France last week. The company said the test stores have been redesigned and adapted to customers' needs in a bid to deliver "a new experience of shopping comfort, ease and pleasure".

US: Couche-Tard offer “inadequate” – Casey’s

31 Aug 2010

Casey's General Stores has labelled the extension of Couche-Tard’s tender offer as “inadequate”.

US: Couche-Tard extends offer to Casey’s

31 Aug 2010

Alimentation Couche-Tard has extended its offer for Casey's General Stores.

Editor's choice: the highlights on just-food this week

27 Aug 2010

Canadian convenience operator Couche-Tard posted record net earnings for the first quarter of fiscal 2011 this week, up 42% against the same period of the previous year. But its efforts to acquire Casey’s General Stores were dealt a heavy blow when the US company completed its latest round of defences in the from of its modified “Dutch auction” self tender offer.

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

27 Aug 2010

Canadian convenience operator Couche-Tard posted record net earnings for the first quarter of fiscal 2011 this week, up 42% against the same period of the previous year.

US: Casey's General Stores completes self tender offer

26 Aug 2010

Casey’s General Stores has completed the latest round of defences against its hostile suitor Couche-Tard, when it announced the preliminary results of its modified “Dutch auction” self tender offer.

CANADA: Couche-Tard posts record Q1 results

24 Aug 2010

Canadian convenience operator Couche-Tard posted record net earnings for the first quarter of fiscal 2011, up 42% against the same period of the previous year.

US: Couche-Tard seeks Casey's shareholder support

20 Aug 2010

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.

CANADA: Couche-Tard slams Casey's "poison pill" takeover defence

13 Aug 2010

Canadian c-store retailer Couche-Tard has hit out at the "outrageous" tactics of US takeover target Casey's General Stores, which has secured financing for a share buyback in a bid to stay independent.

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

13 Aug 2010

Concerns over the grain crisis in Russia trickled down through the financial results this week, with companies like Nestle and Sara Lee hinting at possible price increases due to increased commodity prices.

US: Couche-Tard extends Casey's tender offer

3 Aug 2010

Couche-Tard has extended its offer to buy all of the outstanding shares in Casey's General Stores amid claims that only 12% of the US group's shares have been tendered in favour of the Canadian c-store retailer.

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

30 Jul 2010

First-half and quarterly results continued to filter out this week, with CEOs and CFOs attempting to mitigate some less than impressive expected results by looking to "long-term strategies." Here's the pick of what was said:

UPDATE: CANADA: Couche-Tard dismay at fresh Casey's rejection

28 Jul 2010

Canadian retailer Couche-Tard today (28 July) spoke of its "disappointment" that target Casey's General Stores had turned down its higher takeover bid.

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.

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