Casey's General Stores Inc. (CASY) Thursday confirmed that it has entered discussions with 7-Eleven, Inc. regarding a potential transaction.
On September 2, 2010, Casey's received an unsolicited preliminary proposal from 7-Eleven regarding a consensual transaction at $40 per share in cash.
Goldman, Sachs & Co. is acting as financial advisor to Casey's, and Cravath, Swaine & Moore LLP and Ahlers & Cooney, PC are providing legal advice.
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