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Friday, October 1, 2010

Couche-Tard $2 billion bid for Casey's expires

Alimentation Couche-Tard's bid for Casey's General Stores expired at 5pm September 30th. It's been nearly 6 months since Couche-Tard has engaged in talks to take over the U.S. general stores copmany. Wall Street analysts say that Casey's will have to make a deal with 7-Eleven if they decide to go through with the sale of the company.

Now that Couche-Tard's bid has expired, Andy Kibbens (Co-CEO of "The Markets Are Open") says to look out for Couche-Tard to make a bid elsewhere.