Thu, May 14, 9:47 PM
- Consolidation in the grocery industry could pick up even more, observes Supermarket News.
- A large merger between Albertsons and Safeway (NYSE:SWY) has been followed by talks between Delhaize (NYSE:DEG) and Ahold (OTCQX:AHONY).
- The increased push by Wal-Mart and Target in the sector has added pressure to leverage store growth through M&A.
- "There is mounting pressure in the supermarket industry to consolidate operations to drive better purchasing power and leverage distribution and technology platforms," notes Wolfe Research.
- Kroger (NYSE:KR) is seen as a likely candidate to look for a chain to acquire.
- Previously: Ahold, Delhaize confirm merger talks (May 12)
- Grocery stocks: RNDY, SVU, VLGEA, WFM, CASY, IMKTA, OTCPK:PUSH, TFM, SFM, WMK.
Sep. 11, 2012, 4:18 PMCasey's General Stores (CASY) [[acquires 22 convenience stores]] from Kum & Go for an undisclosed sum. The stores are located in Iowa, Missouri and North Dakota. The deal is subject to satisfactory inspection reports related to the stores, and is expected to close in November 2012. Shares -3.6% AH. | Sep. 11, 2012, 4:18 PM | Comment!
Jun. 13, 2011, 11:47 AMAfter failing to win over Casey's General Stores (CASY), Canada's Alimentation Couche-Tard (ANCUF.PK) makes another south-of-the-border incursion, into California, with a deal to buy 322 "high-volume, high-impact" convenience-store sites and an additional 65 reseller contracts from Exxon Mobil (XOM). | Jun. 13, 2011, 11:47 AM | Comment!
Casey's General Stores Inc, together with its subsidiaries, operates convenience stores under the Caseys General Store name in 14 Midwestern states. Its stores offers a selection of food, beverage and tobacco products as well as other nonfood items.
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