Casey's Asks Court To Block $1.9B Couche-Tard Bid

Law360, New York (June 21, 2010, 1:47 PM EDT) -- Casey’s General Stores Inc. has asked a judge to stop Alimentation Couche-Tard Inc. from taking any further steps to complete its $1.9 billion hostile takeover bid, saying Couche-Tard is holding the Iowa-based convenience store chain hostage with a market manipulation scheme.

Casey’s asked a judge Monday in the U.S. District Court for the Southern District of Iowa for an injunction to keep Canada-based Couche-Tard from buying its shares or going forward with the sale.

The motion was lodged just days after Couche-Tard filed counterclaims accusing Casey’s...
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