Corporate News

Corporate news affecting the convenience store industry

Venture capital fund suing chain for failure to pay in stock deal; asks judge to appoint third-party receiver

CINCINNATI -- A Cincinnati venture capital fund suing the AmeriStop convenience store chain for failure to pay in a stock deal was back in court yesterday, said The Enquirer. It asked a judge to appoint a third-party receiver to handle the company's affairs after AmeriStop president and majority...

BP offers 34 stations, properties for sale in Columbus, Cleveland, Cincinnati

COLUMBUS, Ohio -- BP has put 34 sites located throughout the Columbus, Cleveland and Cincinnati, Ohio, marketing areas up for sale. As reported in a CSP Daily News Flash yesterday, of the 34 sites, 17 are BP-branded gas stations, of which two are closed and can also be offered for redevelopment for...

Shareholder OppenheimerFunds Inc. said in a regulatory filing that it now has a 10.21% passive stake in The Pantry, according to a Reuters report.

SANFORD, N.C. -- Shareholder OppenheimerFunds Inc. said in a regulatory filing that it now has a 10.21% passive stake in The Pantry, according to a Reuters report. New York City-based OppenheimerFunds previously disclosed a 5.94% passive stake in The Pantry as of February 15, the report said. The...

Couche-Tard to ease up on U.S. expansion, says Bouchard
Earnings up 73%, sales up almost 17%
Acquisition trail leading to goal of 100 stores by 2008
Expects to acquire 250 stores throughout "08.
Tri Star's purchase of Scot Markets doubles retail network, strengthens Shell brand in mid-Tennessee.
Wal-Mart downplays speculation on acquisitions
Could be Tesco response, analysts say

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