WILMINGTON, Del.--(BUSINESS WIRE)--Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of The Pantry, Inc. (NASDAQ: PTRY) (“Pantry” or the “Company”) relating to the sale of the Company to Alimentation Couche-Tard Inc. (“Couche-Tard”). On December 18, 2014, the two companies announced the signing of a definitive merger agreement pursuant to which Couche-Tard will acquire Pantry in a merger worth $1.7 billion (including debt). As a result of the merger, Pantry shareholders are only anticipated to receive $36.75 per share in cash in exchange for each share they own.
Andrews & Springer’s investigation focuses on the insufficient consideration that Pantry shareholders are expected to receive. Andrews & Springer is also investigating whether Pantry directors are breaching their fiduciary duties by failing to adequately shop the company and maximize shareholder value. Additionally, our firm is also investigating the Company’s financial advisor, Bank of America Merrill Lynch, and whether Bank of America Merrill Lynch conducted a fair sales process.
If you own shares of Pantry and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/PTRY or contact Craig J. Springer, Esq. at firstname.lastname@example.org, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.