Casey's Stores Rejects Latest Takeover Bid

Summary


NEW YORK - The board of Casey's General Stores Inc. rejected the latest takeover bid from convenience store operator Alimentation Couche-Tard Inc., saying Tuesday that the $1.47 billion offer was too low.

The Ankeny, Iowa, company also said it has received a higher preliminary proposal from an unnamed third party and has agreed to begin talks with that suitor.

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Extract


Casey's Stores Rejects Latest Takeover Bid

Its shares climbed 10 percent to a new 52-week high on the news.

Canada's Alimenta...

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