Couche-Tard Slams Casey’s ‘Outrageous’ Debt Placement

MONTREAL — Alimentation Couche-Tard here returned volley from takeover target Casey’s General Stores on Thursday, calling the latter’s private debt placement “outrageous” and pretext for a “coercive financing arrangement” that would impede takeovers.

MONTREAL — Alimentation Couche-Tard here returned volley from takeover target Casey’s General Stores on Thursday, calling the latter’s private debt placement “outrageous” and pretext for a “coercive financing arrangement” that would impede takeovers.

Couche-Tard, which has offered to buy all of Casey’s stock for $36.75 per share, said the leveraged recapitalization — in which Casey’s pledged to buy $500 million of its own stock at prices up to $40 per share — amounts to a trans

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