LOS ANGELES--(BUSINESS WIRE)--Glancy Binkow & Goldberg LLP is investigating potential claims against the Board of Directors of The Pantry, Inc. (“The Pantry” or the “Company”) (NASDAQ:PTRY) related to the proposed sale of the Company to Alimentation Couche-Tard Inc. The transaction is valued at approximately $1.7 billion. The Company’s shareholders will receive $36.75 in cash per share of The Pantry common stock they own.
This investigation concerns whether the Board of Directors of The Pantry breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction.
If you are a shareholder of The Pantry, if you have information or would like to learn more about our investigation, or if you wish to discuss your rights or interests with respect to these matters, please contact Louis Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by email to email@example.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.