CST Brands (CST) - NYSE
  • Tue, Jun. 7, 1:27 PM
    • CST Brands (CST +1.5%) is reviewing takeover offers, according to CTFN.
    • "Things are still in the round one phase, but the intent for a sale is definitely out there," said Sikich Investment Banking partner-in-charge Chris Geier.
    • Geier thinks CST will bite if a buyer comes in with a firm $50 bid.
    • The list of potential buyers includes Couche-Tard, 7-11, Marathon Petroleum/Speedway, OXXO Mexico, and ETP/Sunoco.
    • Shares of CST already factor in a takeover premium after rallying 18% over the last five sessions.
    | Tue, Jun. 7, 1:27 PM
  • Tue, Apr. 19, 3:21 PM
    • CST Brands (CST +0.5%) isn't actively seeking a buyer, according to CTFN.
    • Analysts think the company will show patience as it evaluates options, especially with activist investors watching closely.
    • Two companies identified as potential bidders down the road are Couche-Tard (OTCPK:ANCUF, OTC:ANCTF) and Sunoco.
    • Now read Couche-Tard Rolling In The Dough 
    | Tue, Apr. 19, 3:21 PM
  • Dec. 10, 2015, 6:16 PM
    • Marathon Petroleum's (NYSE:MPC) Speedway, Sunoco (NYSE:SUN) and Alimentation Couche-Tard (OTCPK:ANCUF) are among various groups interested in a potential acquisition of convenience store operator CST Brands (NYSE:CST), according to TheStreet.com.
    • The report comes a day after Engine Capital sent a letter to CST's board requesting action to improve the company's business operations or launch a review of strategic alternatives, including the exploration of a sale.
    | Dec. 10, 2015, 6:16 PM | 4 Comments
  • Nov. 25, 2015, 8:20 AM
    • CST Brands (NYSE:CST) announces it acquired the Flash Floods store chain from Jones Company and affiliates for $425M.
    • The deal will add 164 Flash Foods convenience stores in Florida and Georgia to CST's stable.
    • The transaction is expected to close in Q1 of 2016.
    | Nov. 25, 2015, 8:20 AM | 1 Comment
  • Dec. 10, 2014, 5:58 PM
    • CrossAmerica Partners (NYSE:CAPL) agrees to acquire Erickson Oil Products, operator of 64 convenience stores and gasoline stations located in Minnesota and some surrounding states, for $85M.
    • For the year ending Oct. 31, the stores sold ~68M gallons of motor fuel and totaled ~$95M in non-fuel revenue.
    • CAPL initially intends to operate the convenience stores within the partnership and expects to transfer the operation of certain sites over time to its CST Brands (NYSE:CST) parent.
    | Dec. 10, 2014, 5:58 PM
  • Aug. 6, 2014, 6:55 PM
    • CST Brands (NYSE:CST) agrees to acquire the membership interests of Lehigh Gas GP, the general partner of Lehigh Gas Partners (NYSE:LGP), for cash and stock valued at ~$85M.
    • CST, a retailer of motor fuels and convenience merchandise, expects the deal will provide access to capital through a growth-oriented MLP vehicle to execute its long-term strategic plan.
    • The deal does not involve any of the common or subordinated units of LGP, which will continue to operate as a separate, publicly-traded MLP.
    • Also, CST's board authorizes the repurchase of $200M of company shares.
    • CST +14.8%, LGP +11.6% AH.
    | Aug. 6, 2014, 6:55 PM
Company Description
CST Brands, Inc. operates as a holding company that conducts substantially all of its operations through its subsidiaries. It is an independent retailer of motor fuel and convenience merchandise items in the U.S. and eastern Canada. The company's operations include the sale of motor fuel at... More
Sector: Services
Industry: Specialty Retail, Other
Country: United States