For businesses and legal teams navigating complex Merger and Acquisition deals, Strategic Resource Group offers unparalleled expertise to guide critical decisions and support successful outcomes. Staying informed of evolving market trends and regulatory requirements ensures that stakeholders can act decisively when defending or pursuing mergers and acquisitions.
Strategic Resource Group has played a vital role in M&A matters involving competitive analysis and market share analyses. Our specialized reports and testimonies provide clarity on complex retail practices and competitive landscapes, ensuring informed decision-making by regulators.
THE CASE CHALLENGE
Retail experts for Cravath, Swain, and Moore in matters related to hostile takeover defense work on behalf of Casey’s General Convenience Stores, Inc. of 1) Alimentation Couche Tard (ACT), and (2) Seven & i Holdings (7-11).
THE SOLUTION
SRG’s expert report and presentation to Casey’s Board of Directors was instrumental in the Board implementing Iowa’s “Maytag Law”, giving Casey’s the right to block any hostile takeover in the event the deal did not benefit the employees and vendors residing within the state of Iowa.
THE OUTCOME
Note: ACT made an offer to buy Casey’s for $36.5/share and later 7&I made an offer for $40/share. Based on the recommendation of Strategic Resource Group, Casey’s Board denied both offers, and the company's stock currently trades at 10X the initial offer.
Learn more about mergers and acquisitions under the guidance of Strategic Resource Group. Contact an expert at SRG today to learn more about our industry-leading litigation support!
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