Casey's Agrees To Acquire 63 Convenience Stores From EG Group; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
Casey's General Stores, Inc. (NASDAQ:CASY) has announced an agreement to acquire 63 convenience stores from EG America, LLC, a subsidiary of EG Group Ltd. The stores are located in Kentucky and Tennessee and currently operate under the Minit Mart and Certified Oil banners. The deal is expected to close later this year, subject to regulatory approvals.
August 15, 2023 | 3:01 pm
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Casey's General Stores is set to acquire 63 convenience stores from EG America, which could potentially increase its market presence in Kentucky and Tennessee.
The acquisition of 63 stores from EG America could potentially increase Casey's market presence in Kentucky and Tennessee. This could lead to increased revenues and profitability for the company, which could positively impact its stock price in the short term.
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