On September 23, 2010, following the Annual Meeting of Casey’s General Stores, Casey’s announced that, based on a preliminary vote count provided by its proxy solicitor, Casey’s shareholders have re-elected by a wide margin all eight of the Company’s incumbent directors in the proxy contest launched by Alimentation Couche-Tard. These preliminary results indicate that the competing slate of Couche-Tard’s director nominees received less than 10% of shares voted. Final results of the voting at the annual meeting will be announced once they are certified by the inspector of election.
Cravath also represented Casey’s in connection with its previously announced recapitalization, which was completed in August, 2010. Casey’s repurchased $500 million, or approximately 25%, of its shares in a self-tender offer that was financed by a private placement of notes to institutional investors.
The Cravath team advising Casey’s includes partners Allen Finkelson and George F. Schoen and associates Leigh M. Harlan, Benjamin P. Schaye and Gregory J. Ligelis, Jr. on corporate matters; partners Andrew J. Pitts and LizabethAnn R. Eisen and associates Keith Hallam and Nicholas A. Dorsey on financing matters; and partners Robert H. Baron and Michael A. Paskin and associates J. Wesley Earnhardt, Nathan J. Berkabile, Ria A. Tabacco, Jesse M. Weiss and Michael A. Sanfilippo on litigation matters.
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