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News Breaks
January 10, 2013
14:01 EDTBP, PTRYPantry, BP enter fuel supply agreement expiring December 31, 2019
In a regulatory filing, Pantry (PTRY) disclosed that on January 7, the company entered into a Branded Jobber contract with BP Products North America (BP). The agreement supersedes and replaces the original Branded Jobber Contract dated February 1, 2003, as amended, between the company and BP. The agreement provides for BP to supply, and the company to purchase, certain minimum amounts of motor fuel for the company’s specified convenience store locations. The agreement initially relates to 394 BP branded outlets with provisions pursuant to which locations may be added to or removed from the agreement during the term of the agreement for specified reasons. The prices provided for in the agreement are based upon industry indexes. If the company fails to purchase its annual minimum contract volume, BP may charge the company a shortfall penalty of 2c per gallon times the difference between the number of gallons purchased and the minimum volume requirement. The term of the agreement expires on December 31, 2019.
News For PTRY;BP From The Last 14 Days
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October 2, 2015
06:28 EDTBPBP in talks over deal with Iran, the Times reports
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October 1, 2015
09:35 EDTBPActive equity options trading on open
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September 28, 2015
10:00 EDTBPOn The Fly: Analyst Initiation Summary
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08:03 EDTBPBP initiated with an Outperform at BMO Capital
06:20 EDTBPBP not concerned over hostile takeover due to Macondo disclaimer, Bloomberg says
BP, which is allegedly readying defenses for potential acquisition offers, isn't concerned about a hostile takeover because of a disclaimer in its Macondo spill settlement that could put $12.6B onto the price tag, Bloomberg reports. A potential buyer may have to accelerate the payment of as much as two-thirds of the $18.7B in penalties BP agreed to pay the U.S. and several states, the report says, citing company filings. An option that provides the government and certain states the power to demand faster payment in a takeover basically hands them a veto over any deal, the report says. Reference Link
September 24, 2015
06:20 EDTBPBP management to meet with Jefferies
Meetings to be held in Chicago/Kansas City/Minneapolis September 29- October 1 hosted by Jefferies.
September 22, 2015
13:13 EDTBPBP initiated with a Neutral at Macquarie

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