Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

Delayed Quote. Delayed  - 09/27 10:00:00 pm
115.7 USD   -0.44%
09/26 CASEY GENERAL S : Decorah Casey's raising money for Art Along Iowa's..
09/15 CASEY GENERAL S : raising money for disaster relief
09/12 CASEY GENERAL S : How These Grocery Stores Stocks are Faring? -- SUP..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

CASEYS GEN NPV : Casey's to Purchase 22 Kum & Go Stores in Iowa

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/03/2011 | 04:00pm CEST

Casey's General Stores, Inc. (Nasdaq: CASY) and Kum & Go announced today that they have signed a definitive purchase agreement for Casey's to acquire 22 convenience stores from Kum & Go. All 22 stores are located in Iowa operating under the Kum & Go banner. The stores will be immediately rebranded to Casey's once the transaction is completed.

According to Kum & Go Owner, President and Chief Executive Officer Kyle J. Krause, the proceeds generated by this sale will be reinvested in Kum & Go's 400+ remaining stores and used to drive the company's long-term business and growth strategies.

"I extend my sincere appreciation to our associates and loyal customers in these communities for the important role that they have played in Kum & Go's history and the overall success of these stores," stated Mr. Krause.

"These stores are predominantly in rural Iowa locations," said Casey's President and Chief Executive Officer Robert J. Myers. "These types of communities have proven to be an excellent fit for our business model and we are very excited to implement our proprietary prepared food program."

Casey's expects this acquisition to be immediately accretive to earnings in their first full year of operation. The acquisition is subject to certain regulatory approvals and other customary closing conditions. The transaction is expected to close in July 2011 and will be funded by existing cash and cash flow.

Below, a list of the 22 stores and their addresses:

      1.     ARMSTRONG               307 S. Fourth Avenue
2. ATLANTIC 701 Poplar
3. BRITT 576 N. Main Avenue
4. BROOKLYN 106 W. Second Street
5. CARROLL 613 W. U.S. Hwy 30
6. CEDAR FALLS 601 Main Street
7. CENTERVILLE 830 N. 18th Street
8. CENTERVILLE 401 W. Maple
9. CHARITON 335 N. Main
10. CHEROKEE 1200 N. Second Street
11. CHEROKEE 242 E. Main Street
12. ELK RUN HEIGHTS 5202 Lafayette
13. ESTHERVILLE 103 Central Avenue
14. ESTHERVILLE 1615 Central Avenue
15. GARNER 145 Highway 18 W.
16. IOWA FALLS 904 Washington
17. MEDIAPOLIS 208 Wapello Street
18. SHELDON 519 Second Avenue
19. SHELDON 504 Second Avenue
20. ST. CHARLES 209 E. Main Street
21. STORM LAKE 825 Flindt
22. WASHINGTON

304 E. Washington Street

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


© Business Wire 2011
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CASEY'S GENERAL STORES INC
09/26 CASEY GENERAL STORES : Decorah Casey's raising money for Art Along Iowa's Byways
09/19 CASEYS GENERAL STORES INC : Submission of Matters to a Vote of Security Holders,..
09/15 CASEY GENERAL STORES : raising money for disaster relief
09/12 CASEY GENERAL STORES : How These Grocery Stores Stocks are Faring? -- SUPERVALU,..
09/08 CASEY GENERAL STORES : earnings, revenue miss analysts' estimates
09/07 WEDNESDAY SECTOR LAGGARDS : Precious Metals, Grocery & Drug Stores
09/06 CASEY GENERAL STORES : misses Street 1Q forecasts
09/06 CASEY GENERAL STORES : Posts Record First Quarter Earnings
09/06 CASEY GENERAL STORES : CASEYS GENERAL STORES INC Management's Discussion and Ana..
09/06 CASEYS GENERAL STORES INC : Results of Operations and Financial Condition, Finan..
More news
Sector news : Supermarkets & Convenience Stores
12:44p Weaker pound may not lead to higher food prices, Sainsbury's says
08:33aDJJ SAINSBURY : Sainsbury 2Q Comparable Sales Fall 1.1%
09/26 Investors urge food companies to shift from meat to plants
09/23DJMETRO : Correction to Metro AG Breakup Plan Facing Opposition Story
09/23DJMETRO : Breakup Plan Faces Opposition -- Update
More sector news : Supermarkets & Convenience Stores
News from SeekingAlpha
09/16 It Just Might Be Time To Short Casey's General Stores
09/16 Donald Trump's Love/Hate Relationship With The Renewable Fuel Standard
09/14 Retail sales report could tell big story tomorrow
09/12 Casey's General Stores Looks Like A Short - But Isn't Quite
09/09 The Sell-Off In Casey's General Stores Is Justified
Advertisement
Financials ($)
Sales 2017 7 644 M
EBIT 2017 385 M
Net income 2017 223 M
Debt 2017 878 M
Yield 2017 0,78%
P/E ratio 2017 20,46
P/E ratio 2018 18,17
EV / Sales 2017 0,71x
EV / Sales 2018 0,61x
Capitalization 4 533 M
More Financials
Chart CASEY'S GENERAL STORES INC
Duration : Period :
Casey's General Stores Inc Technical Analysis Chart | CASY | US1475281036 | 4-Traders
Full-screen chart
Technical analysis trends CASEY'S GENERAL S...
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 138 $
Spread / Average Target 20%
Consensus details
EPS Revisions
More Estimates Revisions
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
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CASEY'S GENERAL STORES..-3.94%4 553
ALIMENTATION COUCHE TA..8.13%27 712
CARREFOUR-13.94%19 572
EMAAR MALLS GROUP PJSC0.36%9 858
DAIRY FARM INTERNATION..17.44%9 425
WHOLE FOODS MARKET, IN..-15.04%9 134
More Results