Couche-Tard To Buy The Pantry Inc. - Quick Facts

(RTTNews) - Alimentation Couche-Tard Inc. (ANCUF.PK, ATD_B.TO, ATD_A.TO) and The Pantry Inc. (PTRY) announced a definitive merger agreement under which Couche-Tard will acquire The Pantry in an all-cash transaction valued at $36.75 per share, with a total enterprise value of approximately $1.7 billion including debt assumed. The deal is expected to close in the first half of 2015.

Couche-Tard is the leader in the Canadian convenience store industry. In the United States, it is the largest independent convenience store operator in terms of number of company-operated stores. In Europe, Couche-Tard is a leader in convenience store and road transportation fuel in Scandinavian and Baltic countries while it has a significant presence in Poland.