Casey's Fights Takeover Effort

Under pressure to create some value for a shareholder base considering an unsolicited takeover, Casey's General Stores last week reported quarterly profits exceeding expectations, plans to expand into Arkansas, and an 18% increase in its quarterly dividend. The dividend of 10 cents per share would violate a condition of a hostile tender offer from Alimentation Touche Card, but would be

ANKENY, Iowa — Under pressure to create some value for a shareholder base considering an unsolicited takeover, Casey's General Stores last week reported quarterly profits exceeding expectations, plans to expand into Arkansas, and an 18% increase in its quarterly dividend.

The dividend of 10 cents per share would violate a condition of a hostile tender offer from Alimentation Couche-Tard, but would be only one of multiple disputes between Casey's and its Canadian suitor. Casey's

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