Convenience store chain Casey's up after $1.15 bln deal to buy CEFCO owner

Caseys General Stores

26/07/2024 14:52

** Shares of convenience store operator Casey's General
Stores  CASY.O  gain 5.3% to $392.39
    ** Casey's to buy Fikes Wholesale, owner of CEFCO
convenience stores, in an all-cash transaction for $1.15 bln
    ** Casey's to add 148 stores in Texas following the
acquisition
    ** Deal to increase total Casey's stores in the U.S. to
nearly 2,900
    ** Acquisition expected to close in Q4, add about $45 mln in
annual revenue for Casey's
    ** YTD, CASY up 35.7% as of last close

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com;))