May 23, 2012

Class 4A: Andrew McNulty, Iowa City High

The senior quarterback completed five of nine passes for 131 yards and three touchdowns in a victory over Dubuque Senior. He also carried the ball three times for 81 yards and a score.

Class 3A: Gavin Glenn, ADM (Adel)

The junior quarterback completed 21 of 31 passes for 257 yards and three touchdowns in a victory over Boone. Glenn also rushed for two touchdowns and finished with 60 yards on the ground.

Class 2A: Jake Greco, North Fayette

The junior fullback carried the ball 19 times for 109 yards and three touchdowns in a victory over Waukon. On defense he had eight tackles and recovered two fumbles.

Class 1A: Josh Treybal, HMS (Hartley)

The senior running back carried the ball 34 times for 247 yards and five touchdowns in a victory over LeMars Gehlen. One of his touchdowns was a 60 yard run.

Class A: Ben Buffington, Mason City Newman

The senior fullback carried the ball 23 times for 222 yards and five touchdowns in a victory over Hudson. Buffington scored on runs of four, 53, three, 46 and 32 yards.

Eight-man: Miles McCoy, Moravia

The senior running back made the most of his opportunities in a win over Ankeny Christian. McCoy only carried the ball four times but finished with 117 yards of rushing, scored three touchdowns and added a two point conversion. He had three tackles on defense.

Canadian company ups its bid in Casey’s takeover attempt

The Canadian company attempting a hostile takeover of the Casey’s Convenience store chain has upped their offer to shareholders. Alimentation Couche-Tard has increased its offer to buy Casey’s shares to $38.50 , a $1.75 increase. The company had just announced it was extending its previous offer through September 30th.

The Ankey-based Casey’s board of directors issued a statement advising shareholders not to take any action at this point, as the company plans to review the offer and make a recommendation. The Casey’s board has continued to reject Couche-Tard offers, calling them inadequate, and the number of shares offered the Canadian company has continued to drop.

It was at just over 1% of the outstanding stock before the announcement of the increased bid. Casey’s recently conducted a buyback of around 25% of its stock for $38 a share. Couche-Tard in announcing its new stock offer pointed out the offer is 50-cents higher than the price Casey’s is paying in the buyback, and says it represents a 32% premium over the one year average closing price of Casey’s stock.

The statement from Couche-Tard’s president urges the Casey’s board to begin discussions with his company “to maximize the value for Casey’s shareholders and make this combination a reality.

See the Couche-Tard news release here: Couche-Tard offer 9-1 PDF