Shareholders of The Pantry approved the Cary company’s merger with Alimentation Couche-Tard on Tuesday.
The two companies have previously said they expect to the merger to be completed shortly after the vote.
Under the terms of the deal, Pantry shareholders will receive $35.75 per share. The price was a 27 percent premium over where the company's stock was trading before news reports of a possible sale emerged.
The Pantry operates 1,509 stores in 13 states in the Southeast, primarily under the Kangaroo Express brand. Couche-Tard has 6,303 convenience stores in North America, including 4,851 stores that sell gasoline. Most of its U.S. stores operate under the Circle K brand.
When the deal was announced in December, Couche-Tard executives said they had not made a decision yet on whether to keep the Kangaroo Express brand. It also remains unclear whether the combined company will maintain a corporate presence in the Triangle, where The Pantry now employs 250 people in Cary and 250 in Sanford.