AddThis

Casey's continues to fight takeover, sends letter to shareholders

Related Content

No related items were found.

Ankeny, Iowa In its continuing fight against takeover, Casey’s General Stores president and CEO Robert J. Myers has sent a letter to shareholders urging them to reject moves being made by Canadian c-store operator Alimentation Couche-Tard to acquire the company.

Casey’s said Thursday that it has filed with the Securities and Exchange Commission a definitive proxy statement and the shareholder letter in advance of the annual meeting scheduled for Sept. 23.

In the letter, Myers urged shareholders to re-elect all of Casey’s directors. “As you may know, Alimentation Couche-Tard is attempting to replace your board with its hand-picked slate of nominees,” wrote Myers. “We believe this is simply an attempt to advance its inadequate, unsolicited offer for Casey’s.”

Myers reminded shareholders that Casey’s has completed a private placement, announced earlier this week, worth $569 million.

© 2014