Casey's General Stores (CASY) announced Wednesday morning that its Board of Directors unanimously approved a $500 million recapitalization plan and reaffirmed its strategy to continue to execute upon its growth plan. The Board also unanimously recommended against Alimentation Couche-Tard Inc.'s slightly revised tender offer to acquire Casey's for $36.75 per common share.
Casey's General Stores gapped up sharply Wednesday and climbed during the first hour of trade. Shares finished higher by 1.36 at $37.86 on the highest volume in over 3 months. The stock closed at over a 2-month high.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.