Deal Snapshot
Casey´s General Stores Closes USD 580m Acquisition of 94 Bucky´s Convenience Stores from Buchanan Energy
Monday 17 May 2021

Iowa, US-based convenience store chain Casey's General Stores, Inc. (NASDAQ: CASY) has closed the acquisition of Buchanan Energy, owner of Bucky's Convenience Stores, in a cash transaction for USD 580m, to expand presence in Midwest, the company said.

The purchase price includes tax benefits valued at USD 80m for a net after-tax purchase price of USD 500m. The company will finance the transaction with a combination of cash on hand, revolver capacity and bank financing.

Date Published: 17/05/2021