Caseys Recap Nets 26% of Shares

ANKENY, Iowa — Casey’s General Stores here said Thursday that its “Dutch auction” recapitalization offer netted about 25.8% of its shares for $500 million. The effort may help the c-store operator fend off an unsolicited takeover offer by rival Alimentation Couche-Tard.

ANKENY, Iowa — Casey’s General Stores here said Thursday that its “Dutch auction” recapitalization offer netted about 25.8% of its shares for $500 million. The effort may help the c-store operator fend off an unsolicited takeover offer by rival Alimentation Couche-Tard.

“Our recapitalization plan was successful on every level. It has provided the company with an opportunity to purchase a significant number of shares at an attractive price and has allowed shareholders who held t

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