NEW YORK, Dec. 18, 2014 /PRNewswire/ -- 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.
If you are interested in discussing your rights as a The Pantry stockholder, with no obligation or cost to you, please contact U. Seth Ottensoser at: (877) 779-1414 or [email protected].
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.
Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
ATTORNEY ADVERTISING. © 2014 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-pantry-inc-shareholder-alert-bernstein-liebhard-llp-announces-investigation-of-acquisition-by-alimentation-couche-tard-inc-300012053.html
SOURCE Bernstein Liebhard LLP