Corporate News

Corporate news affecting the convenience store industry

BP selling 23 sites

A story in the April 19 issue of CSP Daily News stated that Sovereign Investment Co., Princeton, N.J., purchased four Circle K in Illinois from Canada's Alimentation Couche-Tard. The stores were, in fact, purchased from a third party that continues to lease the sites. A spokesperson for Sovereign...

Analysts predict quick resale of Village Pantry chain after closing

INDIANAPOLIS -- Marsh Supermarkets Inc. on Thursday signed a letter of intent with an affiliate of Sun Capital Partners Inc. for the acquisition of all of the outstanding shares of its common stock for an all-cash price of $11.125 per share. What this will mean to Marsh's various divisions,...

Motorist savers cashing in on low prices

ST. CLOUD, Minn. -- Some consumers are smiling while gasoline prices are soaring, because they stocked up when prices were down, reported WCCO-TV in Minnesota. Bridget Miller is a First Fuel Bank customer. She filled her tank for $1.99 per gallon on Wednesday because she prepaid for hundreds of...

Major oil company continues to add more dealer-, jobber-owned sites
Plans to offer 10 million shares at $14-$16 a share
Jerry D. Maahs, founder and former president of foodservice equipment maker Alto-Shaam Inc., has passed away at age 74.
Profits would go to fix streets
Sovereign Investment acquires four Illinois Circle K locations
Road Ranger LLC has opened its second travel center in Missouri, located on I-44 near St. Louis in Fenton.
Sale is part of company's ongoing portfolio management strategy.