A recent drop in the S&P 500 might help Quebec-based Alimentation Couche-Tard’s hostile US$1.9-billion ($36 per share) bid for Casey’s General Stores look like a more attractive option, an industry analyst told the Winnipeg Free Press. Martin Landry of Desjardins Securities told the paper that the 14% premium offered by Couche-Tard has increased in appeal…
Quarles Petroleum Divests 20 Stores
Fredericksburg-based Quarles Petroleum’s food and convenience stores recently announced the sale of 13 stores to 7-Eleven. Six other locations, including the Opal truck stop on U.S. 29, were also recently sold to unidentified independent dealers, the Culpeper, Va., Star Exponent reported. “Quarles has decided to transition the operation of our Food Store locations to new…
The Battle Begins
Twelve from a field of 906 home-grown rock and popular bands have been named the most deserving performers and will compete in this year’s 7-Eleven and Slurpee Battle of the Bands (BOTB) contest that kicks off July 11 (7-Eleven stores’ recognized birthday). Starting this Sunday, the musical groups will begin showcasing their talents and competing…
Second Rutter’s Gas Winner Announced
From left, Beth Himmelright, Rutter’s fleet sales representative; contest winner Joe Kopp; and Robert Perkins, Rutter’s director of marketing. As an insurance salesman, Joe Kopp of Fairview Township, York County, Pa., can appreciate this kind of coverage. As the second winner in Rutter’s Farm Stores’ “Fuel Up Free!” contest, his gasoline purchases are covered…
Walgreens Tests Fresh Food
Walgreens is venturing into convenience store territory as it begins to conduct a test of chilled foods at 12 of its stores this fall, feeling out its ability to thrive in the growing fresh foods market, the Wall Street Journal reported. Walgreen spokeswoman Tiffani Washington confirmed the test noting the fresh food initiative could help…
Four Puffin Stops Head To Auction
JJManning Auctioneers is selling four “Puffin Stop” Gas Stations / Convenience Stores in Maine. The stores will be auctioned off individually on Thursday, July 15, 2010. The Terms of Sale include a 10% deposit of which $20,000 Per Property must be presented in cash, certified or bank check at the auction. The remainder of the…
Pilot Flying J Gets Down To Business
Just two days after Pilot won Federal Trade Commission approval to acquire rival Flying Jay on Wednesday, the company, now called Pilot Flying J, isn’t wasting anytime getting busy with acquisitions, divestments and restaurant plans. As of today, Pilot Flying J-an entity of more than 550 interstate travel centers and travel plazas in 43 states…
Shareholder Sues Casey’s
One day after Casey’s General Stores Inc. received a letter from shareholder ClearBridge Advisors urging Casey’s to participate in talks with Couche-Tard, another shareholder is suing the company for neglecting stockholder interests, the Des Moines Register reported. West Des Moines, Iowa attorney J. Barton Goplerud sued Ankeny, Iowa-based Casey’s on Tuesday on behalf of veterinarian…
Pilot And Flying J Complete Merger
The Federal Trade Commission (FTC) yesterday gave final approval to Flying J to merge its travel plaza business with Pilot Travel Centers, Truckinginfo.com reported. The merger, effective July 1, is expected to help Flying J emerge from Chapter 11 bankruptcy protection and create an entity of more than 550 interstate travel centers and travel plazas…
Hershey’s Milk & Milkshakes Sponsors Autism Speaks
Hershey’s Milk & Milkshakes presented Autism Speaks, the nation’s largest autism science and advocacy organization, with a donation of $19,800 before the start of the Autism Speaks 400, a NASCAR Sprint Cup Series stock car race held annually at Dover International Speedway in Dover, Del. Hershey’s Milk & Milkshakes, a new line of single-serve milk…