Casey's General Stores To Acquire Fikes Wholesale For $1.145B, Expanding Presence In Texas And Southern Markets; Net After-Tax Purchase Price Is $980M
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Casey's General Stores (CASY) is set to acquire Fikes Wholesale for $1.145 billion, with a net after-tax purchase price of $980 million. This acquisition will expand Casey's presence in Texas and Southern markets.
July 26, 2024 | 12:16 pm
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Casey's General Stores (CASY) is acquiring Fikes Wholesale for $1.145 billion, expanding its market presence in Texas and Southern regions. The net after-tax purchase price is $980 million.
The acquisition of Fikes Wholesale by Casey's General Stores is a significant move to expand its market presence in Texas and Southern markets. This strategic acquisition is likely to positively impact CASY's stock price in the short term due to the potential for increased revenue and market share.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100