Late Market Roundup (ANCUF, CASY, ALK, CAL, LCC, JBLU, GOL, DAL, LUV, AIR, KBH, RYL, DHI, TOL, BZH)

Alimentation Couche-Tard Inc (OTC: ANCUF) has announced that it will take its offer to buy Casey's General Stores Inc (NASDAQ: CASY) directly to the shareholders, following the rejection of its bid by CASY, earlier this week. ANCUF has mentioned its willingness to lift its bid from $38.50 per share, through an open letter to the shareholders of CASY. ANCUF has also mentioned that it has attained about $1.5 billion of financing for the deal. ANCUF also pointed out that there was no formal offer by 7-Eleven for Casey's. Couche-Tard said in the letter, "We urge you to send a clear and strong message by voting the blue proxy card that you want directors who will fulfill their obligations to you and serve your best interests, not theirs. The choice is up to you."

US Airline stocks fell along with the broader market today. The top losers in the list were Alaska Air (NYSE: ALK), Continental Airlines (NYSE: CAL), US Airways (NYSE: LCC), JetBlue Airways (NASDAQ: JBLU) and Gol Linhas (NYSE: GOL). However, the shares of Delta Air Lines (NYSE: DAL) gained about 0.87% and Southwest Airlines (NYSE: LUV) rose about 0.35%. The NYSE Arca Airline Index (XAL) moved down about 0.75%.

Shares of AAR Corp (NYSE: AIR) surged more than 8% after company reported an upbeat FQ1 profit. The company posted its earnings at $0.35 per share, beating the Wall Street view of $0.29 per share.

Home-builder stocks moved down after RealtyTrac estimated a 4% rise in August foreclosure, from the July level. Shares of KB Home (NYSE: KBH) lost about 5.46%, Ryland Group Inc (NYSE: RYL) dropped about 5.01%, D.R. Horton Inc (NYSE: DHI) dipped about 4.65% and Toll Brothers Inc (NYSE: TOL) fell about 2.70%. Beazer Homes USA Inc (NYSE: BZH) had lowered its projections on new home orders for FY10 to reflect the weaker-than-expected improvement in orders after the expiry of home-buyer tax credit in April.

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