Casey's (CASY) Set to Acquire 198 CEFCO Convenience Stores

The acquisition, valued at $1.145 billion in an all-cash transaction, includes tax benefits worth approximately $165 million, reducing the net after-tax purchase price to $980 million. This buyout involves 198 retail stores and a dealer network, which would increase Casey's footprint to nearly 2,900 stores across the United States. Image Source: Zacks Investment Research The acquisition of Fikes is expected to deliver substantial operational and financial benefits to Casey's. The strategic alignment and sha ...