Corporate News

Corporate news affecting the convenience store industry

Alimentation Couche-Tard Inc. said for the first quarter of fiscal 2007, net earnings were $44.6 million or 22 cents per share.

LAVAL, Quebec -- Alimentation Couche-Tard Inc. said that for the first quarter of fiscal 2007 (the 12-week period ended July 23, 2006), net earnings were $44.6 million or 22 cents per share (21 cents per share diluted), compared with $54.1 million or 27 cents per share (26 cents per share diluted)...

Management buyout valued at $22 billion

HOUSTON -- Pipeline company Kinder Morgan Inc. (KMI) has announced it has signed a definitive merger agreement under which a group of investors will acquire KMI in a transaction valued at approximately $22 billion. This includes the assumption of approximately $7 billion of debt. The investor group...

Lassus Bros. develops just-in-case strategy for IT, personnel emergencies

FORT WAYNE, Ind. -- Tornados. Hurricanes. 9/11. Concern over such events spurred Lassus Bros. Oil Inc., Fort Wayne, Ind., to ask a fundamental question key to its survival: What if something catastrophic happens to our headquarters? Upper management wanted to make sure that if our headquarters...

Cohen to head up new branch
New brand formed to focus offering
Drive-thru c-store chain may buy gourmet food business
Steinhagen named president of Lamar University Foundation
Solar panels, living roof set Oregon retail biofuels station apart
Marti Money joins TAC
Stores, stations, fuel supply agreements sold to multiple buyers