Valero sells rest of CST stake

Six months after the spinoff of CST Brands (CST +1.2%), Valero (VLO -0.8%) has sold the rest of its stock in the convenience store operator after a public offering of about 15.1M shares (including the underwriter greenshoe).

It appears Valero sold at its first opportunity given a previous promise to hold the share for 6-18 months.

From other sites
Comments (2)
  • joelkatz
    , contributor
    Comments (570) | Send Message
    This server as an alert to short CST
    17 Nov 2013, 03:19 PM Reply Like
  • Cahaba Research
    , contributor
    Comments (104) | Send Message
    On the contrary, selling pressure has dissipated. CST is now up ~20% from spin-off date now. Probably fairly valued now, but over the long-term this Company has legs. Great niche within retail.
    21 Dec 2013, 12:16 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs