According to several media reports, 7-Eleven has offered to buy Casey’s General Stores (NASDAQ:CASY) for $40 per share.
Casey’s said earlier in the week that it had received a better offer than the $38.50 per share hostile bid from Canada’s Alimentation Couche-Tard. At that time, Casey’s urged shareholder not to accept Alimentation Couche-Tard’s bid.
7-Eleven’s offer value’s Casey’s at $2 billion.
Casey’s is working with Goldman Sachs (NYSE:GS) as a financial advisor.
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