Casey’s Ordered To Divest Fuel Assets Following FTC Complaint

Convenience store chain operator Casey’s General Stores Inc. and Buchanan Energy agreed to sell six gas stations to complete their merger, addressing the FTC’s concern over the deal’s impact on competition.

Casey’s and a Buchanan subsidiary, Bucky’s Intermediate Holdings, will sell three outlets to Western Oil II, LLC within 10 days of the deal’s completion, according to the Federal Trade Commission’s June 9 final order. The companies will also sell three others to Danco II LLC, an affiliate of Western Oil.

The order also requires the post-merger company to give notice to the FTC for 10 years before acquiring ...