Fri, Jul 25, 2014, 8:58 AM EDT - U.S. Markets open in 32 mins.


% | $
Click the to save as a favorite.

Casey's General Stores, Inc. Message Board

SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Following could be reason:
    Energy Transfer Partners to Buy Susser for $1.8 Billion
    By Jim Polson and Alex Nussbaum Apr 28, 2014 12:15 PM ET

    Energy Transfer (ETE) Partners LP, the owner of 35,000 miles of natural gas pipelines, will buy gasoline-station owner Susser Holdings Corp. (SUSS) for about $1.8 billion, expanding a retail unit it had been expected to sell.

    Shareholders of Susser Holdings will have the option to receive either $80.25 in cash or 1.4506 Energy Transfer common units, or a combination, for each share held, Dallas-based Energy Transfer said today in a statement. The cash offer price represents a 41 percent premium over Susser’s closing price on April 25.

    Kelcy Warren, Energy Transfer’s billionaire chief executive officer, paid $5.3 billion in 2012 for Sunoco Inc.’s 5,000 gas stations. The Susser deal builds the company’s retail presence in Texas, where an oil-drilling boom is driving economic growth.

    Warren’s “continued M&A appetite” will “not surprise the market, although the target will as most had expected a sale of the Sunoco retail unit,” Ethan Bellamy, an analyst at Robert W. Baird & Co. in Denver, said in a note to clients today. “At first blush, the transaction looks likely to be beneficial to all parties.”

    Energy Transfer Partners fell 1.9 percent to $54.76 at 12:09 p.m. in New York trading. Its parent company, Energy Transfer Equity LP, was down 0.4 percent at $46.68. Susser jumped 36 percent to $77.47.

  • Better burgers, better coffee, and I get fuel. At MCD you get coffee that may clot on you, burgers that may have something that taste close to meat and a line a half a mile long. No fuel. A new Casey's being built here and I am tickled. If they only had my homemade pork bbq sandwich. Oh by the way, stock price forming a base for the next leg up. GLTA & GB.

  • Reply to


    by motpooc51 Apr 25, 2014 2:27 PM

    Nothing!!!!! Best burger around!!

  • What the hell is wrong with this stock??????

67.55+0.30(+0.45%)Jul 24 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.