December 19, 2014
Bernstein Liebhard LLP is investigating whether the Board of Directors of The Pantry, Inc. (“The Pantry” or the “Company”) (NASDAQ:PTRY) breached its fiduciary duty to its shareholders in agreeing to sell The Pantry to Alimentation Couche-Tard Inc.
Under the terms of the agreement, The Pantry shareholders will receive $36.75 in cash for each share they own. The investigation is focused on the potential unfairness of the price to The Pantry shareholders and the process by which the The Pantry Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last twelve years.