PANTRY (PTRY) INVESTIGATION ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of The Pantry, Inc.
19 Dicembre 2014 - 2:01PM
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 cspringer@andrewsspringer.com, 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.
Andrews & Springer LLCCraig J. Springer, Esq.,
1-800-423-6013cspringer@andrewsspringer.com
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