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