Casey's shareholders reject Couche-Tard nominees, IA
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Since: Jul 10
#1 Sep 23, 2010
Good for the Casey's share holders. JCP about had a hostile takeover 20 or more years ago and JCP was able to keep that from happening by putting the percentage of matched shares they give employees each year depending on that employees contribution into preferred stock.
I don't know how that works but it did. What they did for the employees is the preferred stock was locked into a certain price and even if the market went down they were guaranteed to get that price. A time after that our store closed the market had gone down but like promised I got the higher guaranteed price for my preferred stock which I think was about $10.00 more per share. I don't know if any of Casey's stock is employee owned or not but it can work.
Since: Jul 10
#2 Sep 23, 2010
I should have said a hostile takeover attempt, my bad.
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