RTTNews | Sep 28, 2021 09:28AM EDT

09:27 Tuesday, September 28, 2021 (RTTNews.com) - Convenience store chain Casey's General Stores, Inc. (CASY) announced Tuesday an agreement to acquire 40 Pilot convenience stores from Pilot Corp. in an all-cash transaction for $220 million.

The 40 Pilot stores will extend Casey's presence in Tennessee and Kentucky with well-established locations primarily in the attractive Knoxville, Tennessee, market.

Casey's will fund the transaction with a combination of cash on hand and bank financing. The transaction is subject to customary closing conditions and regulatory approvals, including Hart-Scott-Rodino clearance.

Pilot's convenience stores are owned and operated independently from its travel center and energy businesses and were not included in the Berkshire Hathaway transaction.

Read the original article on RTTNews ( https://www.rttnews.com/3228783/casey-s-general-stores-to-buy-40-pilot-convenience-stores-for-220-mln-cash-quick-facts.aspx)

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