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Canada-based Alimentation Couche-Tard reportedly has decided to take its $1.9 billion bid for Iowa-based Casey’s General Stores directly to that company’s shareholders, saying that it was “unfortunate” that Casey’s board of directors had rejected the proposal without negotiation.

Couche-Tard’s management said it hopes that by going directly to Casey’s stockholders, it will encourage that company’s board to come to the bargaining table to negotiate a friendly merger. However, Casey’s board has advised its shareholders not to take any action on the offer for the time being; it has said that it will review the offer - which it previously dismissed as inadequate for its fleet of 1,500 stores - and make a recommendation within 10 days.
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