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The Wall Street Journal reports that Casey’s General Stores shareholders voted yesterday to re-elect all of the company’s incumbent directors, rejecting the alternate slate put up by Alimentation Couche-Tard, the Canadian retailing company looking to acquire it.

At this point, Couche-Tard has a $38.50 per share offer on the table, and 7-Eleven reportedly has bid $40 per share. Casey’s management has said that both offers are inadequate, but negotiations with 7-Eleven reportedly are ongoing.
KC's View:
hort of big boost in its offer, hard to imagine that Couche-Tard is going to be successful here.