Member access

4-Traders Homepage  >  Shares  >  Nasdaq  >  Casey's General Stores Inc    CASY   US1475281036

Delayed Quote. Delayed Nasdaq - 12/19 04:00:05 pm
88.42 USD   +0.11%
2d ago Couche-Tard aims for top convenience store spot with Pantry buy
12/11 CASEY GENERAL S : earnings rise 26 percent
12/11DJU.S. HOT STOCKS : Hot Stocks to Watch
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

CASEYS GEN NPV : Casey's Signs Definitive Agreement to Acquire NuWay Cooperative's NuMart Convenience Stores

02/15/2011 | 12:55pm US/Eastern

Casey's General Stores, Inc. (Nasdaq: CASY) today announced that it has signed a definitive purchase agreement to acquire 11 convenience stores from NuWay Cooperative of Trimont, Minnesota. All of the stores are located in Minnesota operating under the NuMart banner and will be immediately rebranded to Casey's.

?We are excited about this opportunity. These are well maintained locations that fit perfectly with the Company's business model of operating in smaller rural communities and further strengthens our existing market presence in southern Minnesota,? said Robert J. Myers, President and CEO.

The Company expects this acquisition to be immediately accretive to earnings and provide further earnings enhancements as operating efficiencies are realized and the prepared food program is added.

The acquisition is subject to certain regulatory approvals and other customary closing conditions. The transaction is expected to close during the Company's fourth fiscal quarter. The acquisition will be funded by existing cash and operating cash flow.

Casey's General Stores, Inc.
Bill Walljasper, 515-965-6505


© Business Wire 2011
React to this article
Latest news on CASEY'S GENERAL STORES INC
2d ago Couche-Tard aims for top convenience store spot with Pantry buy
5d ago CASEY GENERAL STORES : CASEYS GENERAL STORES INC : Regulation FD Disclosure (for..
12/11 CASEY GENERAL STORES : earnings rise 26 percent
12/11DJU.S. HOT STOCKS : Hot Stocks to Watch
12/10 CASEY GENERAL STORES : Second Quarter Earnings Rise 26%
12/10 CASEY GENERAL STORES : beats 2Q profit forecasts
12/10 CASEY GENERAL STORES : CASEYS GENERAL STORES INC Management's Discussion and Ana..
12/10 CASEY GENERAL STORES : Second Quarter Earnings Rise 26%
12/10 CASEY GENERAL STORES : CASEYS GENERAL STORES INC : Results of Operations and Fin..
12/10 CASEY GENERAL STORES : CASEYS GENERAL STORES INC Management's Discussion and Ana..
Advertisement
Chart
Duration : Period :
Casey's General Stores Inc Technical Analysis Chart | CASY | US1475281036 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF