Couche-Tard Relaunches $1.9B Hostile Bid For Casey's

Law360, New York (June 2, 2010, 2:13 PM EDT) -- Canadian convenience store chain Alimentation Couche-Tard Inc. launched a $1.9 billion hostile bid for Casey's General Stores Inc. on Wednesday, upping its pursuit of the convenience store chain after Casey's rejected an identical offer in April.

Couche-Tard is offering Casey's shareholders $36 per share, a 14 percent premium over Casey's closing stock price of $31.59 per share on April 8.

“We are committed to making this combination a reality and, to that end, are taking our offer directly to the shareholders of Casey's,” said Couche-Tard President...
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