The Deal Highlights Concerned Pantry Shareholders’ Campaign to Add Three Directors on The Pantry’s Board
The Deal detailed the efforts of the activist investor group led by Olshan clients, JCP Investment Management and Lone Star Value, that is pushing for a turnaround at convenience store operator The Pantry, Inc. The group called Concerned Pantry Shareholders is leading a campaign to significantly reconstitute the Board of Directors of The Pantry with the addition of their three director candidates on the Board. The Deal’s article extensively quoted Jeff Eberwein, principal of Lone Star Value, who explained the dissident group’s belief that The Pantry should explore opportunities to monetize its valuable real estate assets, including through the creation of a REIT. Steve Wolosky and Ryan P. Nebel represent Concerned Pantry Shareholders in connection with their election contest at The Pantry.