Couche-Tard Agrees with FTC for Diversiture Relating Casey's Acquisition

Alimentation Couche-Tard Inc. today announced that it has reached an agreement in principle with the staff of the Federal Trade Commission in connection with Couche-Tard's tender offer, through an indirect wholly owned subsidiary, to acquire all of the outstanding shares of common stock of Casey's General Stores, Inc. CASY for $38.50 per share in cash. The agreement, which will be subject to a formal Consent Decree and approval by the Commissioners of the FTC, would permit Couche-Tard to acquire Casey's (which owns over 1,500 convenience stores and service stations throughout the Midwest), subject to the divestiture of certain convenience stores and service stations at 25 locations within a specified period following the closing of the acquisition of Casey's.