Casey’s Completes Dutch Auction Tender Offer
Casey’s Accepts for Payment Approximately 13.2 Million Shares at $38.00 Per Share
August 31, 2010 04:19 PM Eastern Daylight Time
ANKENY, Iowa--(EON: Enhanced Online News)--Casey’s General Stores, Inc. (“Casey’s” or the “Company”)
(NASDAQ: CASY) today announced the final results of its “Dutch auction” tender offer (the “Offer”), which
expired on August 25, 2010 at 12:00 midnight New York City time.
Based on the final count by the depositary for the Offer, a total of approximately 26.8 million shares were validly
tendered and not withdrawn at a purchase price of $38.00 per share, including approximately 12.6 million shares
validly tendered through notice of guaranteed delivery. Due to the Offer being oversubscribed, Casey’s is purchasing
a pro-rated amount of approximately 49% of shares from each tendering shareholder. As such, Casey’s accepted
for purchase an aggregate of 13,157,894 million shares of its common stock at a purchase price of $38.00 per
share, for a total cost of approximately $500 million, excluding fees and expenses related to the Offer. The
13,157,894 million shares purchased in the Offer represent approximately 25.8% of Casey’s shares outstanding as
of August 31, 2010.
Following consummation of the Offer, Casey’s expects to have approximately 37.8 million shares of common stock.
Payment for the shares accepted for purchase under the Offer will be made promptly, and all shares tendered and
not accepted for purchase will be returned.
Shareholders and investors who have questions or need information about the tender offer may contact the
Information Agent for the offering, MacKenzie Partners at 212-929-5500 or 1-800-322-2885.
Goldman, Sachs & Co. is acting as financial advisor to Casey’s, and Cravath, Swaine & Moore LLP and Ahlers &
Cooney, PC are providing legal advice.
In response to the tender offer commenced by Alimentation Couche-Tard Inc. (“Couche-Tard”) referred to in this