Stock News : Stocks Offerings and Buybacks: CASY, CGI, VAR, SCON

Shares of Casey's General Stores, Inc. (NASDAQ:CASY) fell 1% to $36.94 after  today the company announced 28.2 million shares were tendered at $38.00 a share during their recent "Dutch auction." 14 million common shares were tendered through notice of guaranteed delivery.

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Casey's expects to tender a pro-rated 47% of shares from each stockholder.

Casey’s General Stores, Inc. (Casey’s) operates convenience stores under the name Casey’s General Store, HandiMart and Just Diesel in nine Midwestern states, primarily Iowa, Missouri and Illinois.

Celadon Group, Inc. (NYSE:CGI) shares rose 7% to $12.11 after it announced on August 25, 2010, the Board of Directors of Celadon Group authorized a stock repurchase program under which the company was authorized to purchase up to two million shares in open market or negotiated transactions through August 31, 2011.

Chairman and CEO Steve Russell said, “At recent stock prices and applicable interest rates, repurchasing our shares would be accretive to earnings, and we believe repurchasing our shares offers a potentially attractive use of capital.”

Varian Medical Systems, Inc. (NYSE:VAR) shares rose 0.85% to $53.28  the company reports a $225 million accelerated stock buyback and a boost in its revolving credit facility from $150 million to $225 million.

Varian Medical Systems, Inc. is engaged in the design, manufacture, sale and service of equipment and software products for treating cancer with radiotherapy, stereotactic radiosurgery and brachytherapy.

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Superconductor Technologies, Inc. (NASDAQ:SCON) shares plunged 17.11% to $1.55 after the company priced their 4 million common stock offering at $1.50. The company expects gross proceeds of $6 million, with net proceeds of $5.3 million.

The stock has a 52-week range of $1.54-$3.99. Over the past one year, the stock has fallen over 47%.

Superconductor Technologies Inc. is engaged in the research, development, manufacture and marketing of infrastructure products for wireless voice and data applications. (

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