CrossAmerica Partners (CAPL) Notes CST Brands Merger Agreement; Couche-Tard to Acquire IDRs

CrossAmerica Partners LP: Owner of CrossAmerica Partners LP's General Partner, CST Brands, Inc., Enters into Merger Agreement with Alimentation Couche-Tard Inc.

Owner of CrossAmerica Partners LP's General Partner, CST Brands, Inc., Enters into Merger Agreement with Alimentation Couche-Tard Inc.

Allentown, PA, August 22, 2016 - CrossAmerica Partners LP (NYSE: CAPL) ("CrossAmerica" or the "Partnership"), a leading wholesale fuels distributor, today announced that its General Partner, CST Brands, Inc. (NYSE: CST) has entered into a... More

Owner of CrossAmerica Partners LP’s General Partner, CST Brands, Inc., Enters into Merger Agreement with Alimentation Couche-Tard Inc.

ALLENTOWN, Pa.--(BUSINESS WIRE)-- CrossAmerica Partners LP (NYSE: CAPL) ("CrossAmerica" or the "Partnership"), a leading wholesale fuels distributor, today announced that its General Partner, CST Brands, Inc. (NYSE: CST) has entered into a definitive merger agreement with Alimentation Couche-Tard Inc. (TSX: ATD.A ATD.B) (Couche-Tard). Under the terms of the agreement, Couche-Tard will, through its acquisition of CST, acquire CSTs interest in CrossAmerica and associated Incentive Distribution Rights (IDRs). The transaction has been unanimously approved by the Board of Directors of CST and Couche-Tard and... More

Couche-Tard Announces Definitive Merger Agreement with CST Brands, Inc.

LAVAL, QC, Aug. 22, 2016 /PRNewswire/ - Alimentation Couche-Tard Inc. (TSX: ATD.A ATD.B), ("Couche-Tard"), today announces a definitive merger agreement with CST Brands, Inc. (NYSE: CST) ("CST") under which Couche-Tard would acquire CST in an all-cash transaction for US $48.53 per share, with a total enterprise value of approximately US $4.4 billion including net debt assumed. The terms and conditions of the agreement were unanimously approved by the Boards of Directors of both companies.

CST is based in San Antonio, Texas and employs over 14,000 people at over 2,000 locations throughout the... More

CST Brands, Inc. Announces Merger Agreement with Alimentation Couche-Tard Inc. in a $4.4 Billion Cash Merger Transaction

Transaction Creates a Leading North American Convenience Store Operator Committed to Customer Service and Operational Excellence

Delivers Immediate and Compelling Value to CST Stockholders

Merged Company Values Maintaining Significant Presence in San Antonio

SAN ANTONIO--(BUSINESS WIRE)-- CST Brands, Inc. (NYSE: CST), one of the largest independent retailers of motor fuels and convenience merchandise in North America, today announced that its Board of Directors has unanimously approved a definitive merger agreement with Alimentation Couche-Tard Inc. (TSX: ATD.A ATD.B)... More