Couche-Tard, Casey's Escalate Hostile Takeover Fight

Law360, New York (September 16, 2010, 7:39 PM EDT) -- In a direct appeal to shareholders of Casey's General Stores Inc., Canadian convenience store giant Alimentation Couche-Tard Inc. said Thursday it would be willing to increase its $2 billion takeover offer for Casey's under certain conditions.

The ongoing battle over Couche-Tard's hostile takeover bid escalated Thursday, with both Couche-Tard and Casey's urging shareholders to back their side in a proxy fight. Casey's and Couche-Tard have both put up nominees for election to the company's board, and a vote will be held at Casey's annual shareholder meeting...
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