With new flavors, brand extensions and increased promotional activity, MST sales continue to post strong gains at convenience stores. By Howard Riell, Associate Editor. The smokeless tobacco category remains strong, and not just because legislators have chased consumers away from cigarettes. New products and flavors combined with competitive pricing, increased promotional activity and effective merchandising…
Susser Closes Public Offering of Common Stock
Susser intends to use the net proceeds from this offering for growth capital for new store development. Susser Holdings Corp. has closed its public offering of 3,500,000 shares of its common stock at a price of $21.75 per share. Net proceeds from the sale of these shares were approximately $72 million, after deducting underwriting discounts…