Casey's Efforts To Block $1.9B Takeover Bid Continue

Law360, New York (August 11, 2010, 4:51 PM EDT) -- Iowa-based convenience store chain Casey's General Stores Inc. has completed a $569 million private placement to fund a self-tender offer in an effort to fend off Alimentation Couche-Tard Inc.'s $1.9 billion hostile takeover bid.

The chain said Tuesday that it had completed a private placement for $569 million in 5.22 percent senior unsecured notes due in 2020 and that it intends to use the net proceeds from the offering to finance a self-tender offer for up to $500 million in shares of its common stock....
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