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CST Brands (CST)

  • 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 | Comment!
  • 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 | Comment!
CST vs. ETF Alternatives
Company Description
CST Brands Inc is an independent retailer of motor fuel and convenience merchandise in the U.S. and eastern Canada. Its retail operations include the sale of motor fuel andconvenience merchandise items and servicesat convenience stores.