Caseys General Stores Inc

NASDAQ:CASYUnited States

Nov 5, 2024

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• DJ Casey's General Stores Gets Bigger Texas Footprint With Fikes -- Market Talk, from 2:16PM ET on Tuesday Nov 05, 2024 by Dow Jones

  2:16PM ET on Tuesday Nov 05, 2024 by Dow Jones
  Companies Mentioned: CASY
  
  1416 ET - With its deal to buy Fikes Wholesale now closed, Casey's General Stores gets 198 stores across Texas and the Southeast, dealer locations, as well as a terminal in the Lone Star State, according to Jefferies in a note. "Given that Texas is a strategic priority geography for the company, we believe that this deal aligns closely with the company's long-term goals," the analysts say. Fikes operates large format stores with high fuel volumes, according to the analysts, and 85% of the store base are already equipped with a kitchen and will be able to be converted into Casey's. In total, the deal brings Casey's store count to about 2.9K, Jefferies says. Casey's rises 3.7%. (sabela.ojea@wsj.com; @sabelaojeaguix)
  

• Casey's General Stores Completes $1.15 Billion Fikes Wholesale Acquisition, from 11:07AM ET on Tuesday Nov 05, 2024 by MT Newswires

  11:07AM ET on Tuesday Nov 05, 2024 by MT Newswires
  Companies Mentioned: CASY
  11:07 AM EST, 11/05/2024 (MT Newswires) -- Casey's General Stores (CASY) said Tuesday it completed the $1.15 billion acquisition of CEFCO Convenience Stores' parent company Fikes Wholesale on Nov. 1. Casey said the deal adds 198 stores across Texas,...