Top Stories

The Pantry eyes growth opportunities in its 11-state market reach

SANFORD, N.C. -- Over the past decade, The Pantry's merger-and-acquisition growth strategy has stretched the chain's market from its home base in North Carolina to northern Virginia, south Florida and as far west as Shreveport, La. So once the company's self-imposed ban on acquisitions is lifted,...

Tobacco company's restructuring, reorganization a likely "non-event" for retailers

OAK BROOK, Ill. -- Reynolds American Inc. (RAI) knows how to make headlines, too. A day after Philip Morris USA parent Altria Inc. dropped the bomb that it would acquire moist-smokeless tobacco leader UST Inc., RAI said it would restructure its brand portfolio and overhaul its organizational...

$11.7 billion deal adds moist smokeless tobacco leader to cigarette, cigar stable

RICHMOND, Va. -- Altria Group Inc. and UST Inc. officially announced yesterday that they have entered into an agreement for Altria to acquire all outstanding shares of UST, the world's leading moist smokeless tobacco (MST) manufacturer. Under the terms of the agreement, shareholders of UST will...

"Advanced" talks expected to result in imminent $10 billion deal for smokeless tobacco maker.
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Little-known retailer takes over ConocoPhillips' 600 remaining c-store sites.