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

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

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02/15/2011 | 06:55pm CEST

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
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Financials ($)
Sales 2017 7 547 M
EBIT 2017 321 M
Net income 2017 184 M
Debt 2017 911 M
Yield 2017 0,83%
P/E ratio 2017 23,53
P/E ratio 2018 21,34
EV / Sales 2017 0,70x
EV / Sales 2018 0,62x
Capitalization 4 342 M
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 126 $
Spread / Average Target 14%
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Managers
NameTitle
Terry W. Handley President & Chief Executive Officer
Robert J. Myers Chairman
William J. Walljasper Chief Financial Officer, Senior VP & Head-IR
Rich T. Schappert Vice President-Information Technology
Johnny A. Danos Independent Non-Employee Class III Director
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Sector and Competitors
1st jan.Capitalization (M$)
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CARREFOUR-5.16%17 836
DAIRY FARM INTERNATION..27.82%12 240
WHOLE FOODS MARKET, IN..-7.25%9 089
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