SANFORD, N.C. -- Shareholder OppenheimerFunds Inc. said in a regulatory filing that it now has a 10.21% passive stake in The Pantry, according to a Reuters report.
New York City-based OppenheimerFunds previously disclosed a 5.94% passive stake in The Pantry as of February 15, the report said.
The Pantry did not respond to a CSP Daily News inquiry by presstime.
Headquartered in Sanford, N.C., The Pantry is the leading independently operated convenience store chain in the southeastern United States and one of the largest independently [image-nocss] operated c-store chains in the country, with revenues for fiscal 2006 of approximately $6 billion. As of June 28, 2007, the company operated 1,642 stores in 11 states under several banners, including Kangaroo Express, its primary operating banner.
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