Valero sells rest of CST stake

|About: CST Brands (CST)|By:, SA News Editor

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.