Valero Energy (VLO) +1.6% AH after its board approves the spinoff of its retail business,...

Valero Energy (VLO) +1.6% AH after its board approves the spinoff of its retail business, CST Brands. VLO said last summer it would explore options for the gasoline and convenience stores it owns in the U.S. and Canada, including a spinoff that gives its shareholders ownership of the retail unit.

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Comments (8)
  • Hillbilly Stock Star
    , contributor
    Comments (747) | Send Message
    PXE ,.....spin to win!
    4 Apr 2013, 06:46 PM Reply Like
  • littleboymaker
    , contributor
    Comments (68) | Send Message
    A side question....what happens to the options some of us hold?


    I know: "tis better to be assumed a fool, that to open ones mouth and remove a doubt."
    4 Apr 2013, 06:57 PM Reply Like
  • petyaczar
    , contributor
    Comments (319) | Send Message
    Most likely your options will expire before any spin off occurs. Meantime Shabyu, you may be eligible to get into ownership of one of their convenience stores.
    4 Apr 2013, 07:04 PM Reply Like
  • Continental Kid
    , contributor
    Comments (239) | Send Message
    4 Apr 2013, 07:11 PM Reply Like
  • gasoline in veins
    , contributor
    Comments (6) | Send Message
    This seems to be the latest wrinkle. Separate upstream from downstream. Probably a better move for majors with more COCO's since the value of the brand has become diminished with increased use of debit cards.
    5 Apr 2013, 03:07 AM Reply Like
  • Sejd213
    , contributor
    Comments (210) | Send Message
    I applaud this spinoff and actually look at CST as a hidden gem for investors! The 1/9 shrs is fair!VLO,continues to reward its shareholders and will continue for many years to come! l
    5 Apr 2013, 06:25 AM Reply Like
  • 522302
    , contributor
    Comments (2) | Send Message
    Someone educate me....what happens to the share price of VLO when the spinoff occurs. Also does anyone know what the symbol will be for the spinoff? thanks for your help
    5 Apr 2013, 10:21 AM Reply Like
  • 522302
    , contributor
    Comments (2) | Send Message
    I just received the announcement regarding the please disregard my questions above. thanks
    5 Apr 2013, 11:30 AM Reply Like
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