Alimentation Couche-Tard to buy Pantry in $1.7 bln deal

Thu Dec 18, 2014 7:12am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Dec 18 (Reuters) - Canadian convenience store operator Alimentation Couche-Tard Inc will buy U.S. convenience store chain The Pantry Inc for $1.7 billion, including debt.

The transaction is expected to close in the first half of 2015, Pantry said.

The Wall Street Journal reported on Wednesday that Pantry was nearing a deal to sell itself through an auction. (Reporting by Devika Krishna Kumar in Bengaluru; Editing by Kirti Pandey)