Pantry Deal Boosts Shares

CARY, N.C. — Stock in The Pantry convenience store chain rose sharply following its announcement Thursday of an agreement to buy 47 stores from the Presto Convenience Store chain in Missouri and Kansas.

"The acquisition expands Pantry’s reach into Kansas and Missouri and should provide for many more accretive fill-in opportunities going forward," said Karen Short, a New York-based analyst with BMO Capital Markets.

In addition, she said The Pantry — operator of the Kanga

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