FINANCE

Casey’s shareholders reject Couche-Tard board nominees

BY CSA STAFF

Ankeny, Iowa Casey’s General Stores shareholders voted in favor of the company’s board nominees on Thursday, rejecting a slate of nominees from Alimentation Couche-Tard. Couche-Tard had encouraged shareholders to elect at three of its nominees to the board in an effort to further its bid to take over Casey’s.

Couche-Tard has been engaged in a hostile takeover effort for Casey’s since April. The company last offered $2 billion, or $38.50 per share, for Casey’s — which the company rejected as too low.

Meanwhile, Casey’s says it is continuing talks with competitor 7-Eleven, which has offered $2.04 billion, or $40 per share. Casey’s has also dismissed that offer as too low, but remains engaged in an active discussion with the company. It has not released further details about its talks with 7-Eleven.

Casey’s shareholders, based on preliminary vote count, re-elected all eight of Casey’s incumbent directors.

“We appreciate the confidence that Casey’s shareholders have placed in all of us, and we look forward to continuing to serve on their behalf,” said Robert Myers, the company’s CEO.

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Sears.com gets what’s ‘NEXT’ in fashion

BY CSA STAFF

HOFFMAN ESTATES, Ill. – Sears.com announced that it has become the exclusive retailer of NEXT, a popular U.K. fashion retailer, NEXT, the U.K.’s popular fashion retailer that offers beautifully designed and high-quality apparel, shoes and accessories.

"Customers who shop our millions of offerings online, including NEXT apparel, will be able to take advantage of our online shopping experience that is truly focused on the customer and providing them with choice," said Imran Jooma, president e-commerce at Sears Holdings. "At Sears.com, we are always looking to expand and evolve our customer experience while also delivering popular items and on-trend fashions to customers. NEXT gives customers both style and affordability, so they don’t have to choose between the two."

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Office Depot launches [email protected] furniture line

BY CSA STAFF

BOCA RATON , Fla. – Office Depot announced that it is partnering with Thomasville, one of the nation’s leading furniture brands, to launch its new and exclusive [email protected] Collection. The collection is available online at www.officedepot.com/thomasville and in select Office Depot retail stores.

The line includes two collections — vintage and trek — featuring desks, hutches, filing cabinets, bookcases and storage solutions. Products range in price from $119.99 to $499.99.

“With the challenging economic environment, and more and more people working from home, it’s critical to offer a functional, quality and affordable furniture option, and that’s exactly what Office Depot is doing,” said Lee Pell, SVP merchandising for Office Depot. “Joining with Thomasville has allowed us to offer high-quality furniture pieces at a sensible cost.”

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