Casey's General Stores (CASY) advised its shareholders Wednesday morning not to take any action regarding the revised tender offer by Alimentation Couche-Tard Inc., to acquire all of the outstanding shares of Casey's for $38.50 per share in cash.
Casey's General Stores gapped open higher Wednesday and has continued to climb on above average volume. Shares are now up 1.31 at $38.93. The stock has risen to a 4-month high and is approaching the highs of the year, around $39.50 per share.
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