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Casey's Announces Agreement to Acquire 198 CEFCO Convenience Stores
Casey’s General Stores, Inc. , one of the leading convenience store chains in the United States, today announced an agreement to acquire Fikes Wholesale, Inc., owner of CEFCO Convenience Stores (“CEFCO”), in an all-cash transaction for $1.145 billion. The purchase price includes tax benefits valued at approximately $165 million for a net after-tax purchase price of $980 million.
Fikes Wholesale, Inc. and CEFCO Convenience Stores began as a single “filling station” in Cameron, Texas in 1952 and has grown to be a respected operator...