Casey’s Rejects Offer; New Suitor Emerges

ANKENY, Iowa — Casey’s General Stores here has once again recommended its shareholders reject a takeover bid from Canadian counterpart Alimentation Couche-Tard, saying its latest offer not only undervalues the c-store operator but that its board was having discussions with another potential suitor.

ANKENY, Iowa — Casey’s General Stores here has once again recommended its shareholders reject a takeover bid from Canadian counterpart Alimentation Couche-Tard, saying its latest offer not only undervalues the c-store operator but that its board was having discussions with another potential suitor.

Casey’s did not identify the latest bidder but said it had received a “preliminary proposal from a strategic third party” for $40 a share. That bid is more than Couche-Tard’s standin

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