Ankeny, Iowa Despite pressure from suitor Alimentation Couche-Tard to delay, Casey’s General Stores said Monday it will hold its annual meeting of shareholders on Sept. 23, as originally scheduled.
Casey’s also reported that it remains in discussions with 7-Eleven regarding a potential buyout. Casey’s said it does not expect the outcome of the discussions to be determined prior to Casey’s annual meeting and does not believe that delaying the meeting is in the best interests of shareholders.
REI to enter Manhattan
New York Recreational Equipment Inc. (REI) has signed a 15-year lease for its first Manhattan location. The 39,000-sq.-ft. store will be located downtown, in the landmark Puck Building, at 295 Lafayette St., on the corner of East Houston Street. Asking rent for the space was around $275 a square foot, Crain’s New York Business reported.
“Our new store in the Puck Building will provide a resource to serve New Yorkers, visitors and community groups eager to enjoy the great outdoors from bike paths and urban greenways to wild and scenic destinations around the world,” said Sally Jewel, chief executive of REI, in a statement. The company expects the store to open in fall of 2011.
Dick’s Sporting Goods names new board member
PITTSBURGH Dick’s Sporting Goods announced that Jacqualyn Fouse has been elected to the company’s board of directors.
Effective September 27, Fouse will be joining Celgene Corporation, a global biopharmaceutical company, to serve as its CFO. Since July 2007, she has served as the CFO of Bunge Limited, a global agribusiness and food company.
“We are pleased to welcome Jackie to our board,” said Edward Stack, chairman and CEO. “She is well seasoned in the world of finance with nearly 30 years of experience. Her combined insight and expertise will be an excellent contribution to and further enhancement of the Dick’s Sporting Goods board.”