Report: 7-Eleven offers to buy Casey’s for $2.03 billion
New York City
(
September 8, 2010
)
7-Eleven is the unnamed suitor which trumped Alimentation Couche-Tard's bid for Casey's General Stores, the Wall Street Journal is reporting on its website. The U.S. convenience store operator is offering $40 a share, or approximately $2.03 billion, to acquire Casey’s, the report said.
7-Eleven's offer tops the $38.50 per share offered by Canadian convenience-store giant Alimentation Couche-Tard, which has been trying for several months to acquire Casey's in a hostile bid.
Casey's said on Tuesday it had received an unsolicited, nonbinding offer on Sept. 2 from an unnamed party and it was entering into talks. In a statement, Casey’s said while the offer isn't sufficient to finalize a deal, it is willing to begin talks to explore a potential sale, it said in a statement. |
