Friday, April 9, 2010

Casey Above Buyout (CASY)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

Casey’s General Stores Inc. (NASDAQ: CASY) is soaring this morning on a press release that Couche-Tard is proposing to acquire the company for $36.00 per share in cash.  The stock closed at $31.59 yesterday and the 52-week trading range is $2358 to $33.06.  At 8:50 AM EST we have seen some 357,000 shares trade hands and 339,000 shares is an average day.  The interesting notion is that the current price is up almost 22% at $38.50, above the proposed buyout price.