USA

Convenience store retailer Casey’s General Stores has reported that its like-for-like sales for the first quarter ending July 31 rose 2%.

Total sales were up 6.7% to $317.2m (£206.5m). Gross profit also increased 2%, up to $104m (£67.8m). Meanwhile convenience store retailer 7-Eleven has placed a bid for Casey’s General Stores.

The $40-a-share offer exceeds the $38.50 offer made by Canadian convenience store retailer Couche-Tard.

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