Couche-Tard To Divest If Bid For Casey's Succeeds

Law360, New York (September 8, 2010, 4:43 PM EDT) -- Alimentation Couche-Tard Inc. said it would sell stores and service stations at 25 locations if it succeeds in its hostile takeover bid for Casey's General Stores Inc., a vow the Canadian convenience store giant is making as part of an agreement reached in principle with the Federal Trade Commission.

In a statement Wednesday, Couche-Tard said the agreement to divest, subject to a formal consent decree and approval by FTC commissioners, would allow the company to acquire Midwest convenience store giant Casey's.

"The agreement with the FTC...
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