Canadian retailer Alimentation Couche-Tard said yesterday that it would extend its $1.9 billion tender offer for Casey’s General Stores from August 6 to August 30.
Casey’s continues to oppose the offer, releasing the following statement: “The low -- and declining -- number of shares tendered clearly demonstrates that Casey’s shareholders do not support Couche-Tard’s inadequate, highly conditional $36.75 per share offer. We believe that our shareholders recognize the superior value we are creating through our continuing strong performance, strategic growth initiatives and highly accretive recapitalization plan.”
Casey’s continues to oppose the offer, releasing the following statement: “The low -- and declining -- number of shares tendered clearly demonstrates that Casey’s shareholders do not support Couche-Tard’s inadequate, highly conditional $36.75 per share offer. We believe that our shareholders recognize the superior value we are creating through our continuing strong performance, strategic growth initiatives and highly accretive recapitalization plan.”
- KC's View:
