Investor Urges Casey’s to Negotiate

An investment group identifying itself as a long-term shareholder of Casey’s General Stores has urged the convenience retailer here to negotiate with Alimentation Couche-Tard, rather than reject its suitor’s overtures flatly.

ANKENY, Iowa — An investment group identifying itself as a long-term shareholder of Casey’s General Stores has urged the convenience retailer here to negotiate with Alimentation Couche-Tard, rather than reject its suitor’s overtures flatly.

Couche-Tard is in the midst of a hostile takeover effort for Casey’s.

“Anything less gives the impression that independence, not the maximization of shareholder value, is the board's highest priority,” New York-based investor Clearbr

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