December 18, 2014 / 5:24 PM / 3 years ago

BUZZ-The Pantry Inc: To be bought by Alimentation Couche-Tard

1 Min Read

** Convenience-store chain operator's shares up 2.8 pct at $36.53, adding to 27.2 pct rise on Wednesday

** To be bought by larger Canadian rival Alimentation Couche-Tard Inc for $861 mln

** Deal valued at $1.7 bln, including debt

** Couche-Tard's $36.75 per share offer represents premium of 3.5 percent to Pantry's Wednesday's close of $35.52

** More than 3 mln shares changed hands by 12.10 p.m. ET, about 6 times their 10-day moving average

** Up to Wednesday's close, stock has more than doubled this year

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below