Casey’s Rejects Hostile Takeover Offer

The board of directors of convenience store chain Casey’s General Store has rejected a hostile takeover attempt from Canadian retailer Alimentation Couche-Tard, saying the $1.9 billion offer “vastly undervalues Casey’s and our future prospects.”

ANKENY, Iowa — The board of directors of convenience store chain Casey’s General Store here has rejected a hostile takeover attempt from Canadian retailer Alimentation Couche-Tard, saying the $1.9 billion offer “vastly undervalues Casey’s and our future prospects.”

Couche-Tard’s offer of $36 per share — a 14% premium on Casey’s closing share price Thursday — came to light after Casey’s board twice rejected private offers from Couche-Tard. “We are committed to pursuing this tran

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