Casey’s General (CASY) has issued an update.
Casey’s General Stores, Inc. is set to significantly expand its retail presence by acquiring Fikes Wholesale, Inc. and Group Petroleum Services, Inc. for $1.145 billion, a move that will bring its total store count to nearly 2,900. The deal, expected to close in the fourth quarter of 2024, is contingent upon customary closing conditions and regulatory approvals. While the acquisition promises growth and expansion, the company cautions investors with forward-looking statements that there are risks and uncertainties that could affect actual outcomes, such as integration challenges and market conditions influenced by geopolitical events like the conflict in Ukraine.
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