Second paragraph should read: Based on the tabulation of the
stockholder vote, approximately 84% of the total shares outstanding
as of the October 7, 2016 record date voted at the special meeting,
and approximately 99.7% of the shares voted were voted in favor of
the merger agreement at the special meeting (instead of ...and
approximately 84% of the total shares outstanding as of the October
7, 2016 record date were voted in favor of the merger agreement at
the special meeting).
The corrected release reads:
CST BRANDS, INC. ANNOUNCES STOCKHOLDERS
APPROVE MERGER WITH ALIMENTATION COUCHE-TARD INC.
CST Brands, Inc. (NYSE: CST), one of the largest independent
retailers of motor fuels and convenience merchandise in North
America, today announced that its stockholders approved the
previously announced merger agreement with a U.S. subsidiary of
Alimentation Couche-Tard Inc. at its special meeting of
stockholders held today.
Based on the tabulation of the stockholder vote, approximately
84% of the total shares outstanding as of the October 7, 2016
record date voted at the special meeting, and approximately 99.7%
of the shares voted were voted in favor of the merger agreement at
the special meeting.
Under the terms of the merger agreement, CST stockholders will
receive $48.53 in cash per share, without interest, as a result of
the closing of the transaction. The transaction remains subject to
customary closing conditions, including the receipt of necessary
governmental and regulatory approvals.
CST stockholders also approved, on an advisory (non-binding)
basis, the compensation that may be paid or become payable to CST’s
named executive officers in connection with the merger.
Advisors
BofA Merrill Lynch is serving as lead financial advisor and J.P.
Morgan Chase is also serving as financial advisor to CST. Wachtell,
Lipton, Rosen & Katz and Stikeman Elliott are acting as legal
advisors to CST.
About CST Brands, Inc.
CST Brands, Inc. (NYSE: CST), a Fortune 500 Company, is one of
the largest independent retailers of motor fuels and convenience
merchandise in North America. Based in San Antonio, Texas, CST
employs over 14,000 Team Members at over 2,000 locations throughout
the Southwestern United States, Georgia, Florida, New York and
Eastern Canada offering a broad array of convenience merchandise,
beverages, snacks and prepared fresh food. In the U.S., Corner
Stores, Nice N Easy Grocery Shoppes, and Flash Foods stores proudly
sell a broad offering of branded and unbranded fuel and proprietary
baked goods and fresh food, packaged private label products, U
Force energy and sport drinks, Freestyle soft drinks and signature
ICEE drinks. In Canada, CST is the exclusive provider of Ultramar
fuel and its Dépanneur du Coin and Corner Stores sell signature
Transit Café coffee, proprietary baked goods and fresh food and
private label packaged goods. CST also owns the general partner of
CrossAmerica Partners LP, a master limited partnership and
wholesale distributor of fuels, based in Allentown, Pennsylvania.
For more information about CST, please visit www.cstbrands.com.
Safe Harbor Statement
Statements made in this press release relating to future plans,
events, or financial condition or performance are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements can generally
be identified by the use of words such as "expect," "plan,"
"anticipate," "intend," "outlook," "guidance," "believes,"
"should," "target," "goal," "forecast," "will," "may" or words of
similar meaning. Forward-looking statements are likely to address
matters such as the companies’ respective or combined anticipated
sales, expenses, margins, tax rates, capital expenditures, profits,
cash flows, liquidity and debt levels, as well as their pricing and
merchandising strategies and their anticipated impact and
intentions with respect to the construction of new stores,
including additional quick service restaurants, and the remodeling
and addition of new equipment and products to existing stores.
These forward-looking statements are based on the companies’
current plans and expectations and involve a number of risks and
uncertainties that could cause actual results and events to vary
materially from the results and events anticipated or implied by
such forward-looking statements.
The following factors, among others, could cause actual results
and events to differ materially from those expressed or implied in
the forward-looking statements: (1) the occurrence of any event,
change or other circumstances that could give rise to the
termination of the merger agreement; (2) the inability to complete
the transactions contemplated by the merger agreement in a timely
manner or at all, including due to the failure to obtain the
required stockholder approval or failure to receive necessary
governmental or regulatory approvals required to complete the
transactions contemplated by the merger agreement; (3) the risk of
not fully realizing expected synergies in the timeframe expected or
at all; (4) the risk that the proposed transactions disrupt current
plans and operations, increase operating costs, result in
management distraction and the potential difficulties in
maintaining relationships with customers, suppliers and other third
parties and employee retention as a result of the announcement and
consummation of such transactions; (5) the outcome of any legal
proceedings instituted against the companies following announcement
of the merger agreement and transactions contemplated therein; and
(6) the possibility that the companies may be adversely affected by
other economic, business, and/or competitive factors.
Any number of other factors could affect actual results and
events, including, without limitation; the ability to enhance
operating performance through in-store initiatives, store remodel
programs and the addition of new equipment and products to existing
stores; fluctuations in domestic and global petroleum and fuel
markets; realizing expected benefits from fuel supply agreements;
changes in the competitive landscape of the convenience store
industry, including fuel stations and other non-traditional
retailers located in the companies’ markets; the effect of national
and regional economic conditions on the convenience store industry
and the companies’ markets; the global financial crisis and
uncertainty in global economic conditions; wholesale cost increases
of, and tax increases on, tobacco products; the effect of regional
weather conditions and climate change on customer traffic and
spending; legal, technological, political and scientific
developments regarding climate change; financial difficulties of
suppliers, including the companies’ principal suppliers of fuel and
merchandise, and their ability to continue to supply their stores;
the companies’ financial leverage and debt covenants; a disruption
of IT systems or a failure to protect sensitive customer, employee
or vendor data; the actual operating results of new or acquired
stores; environmental risks associated with selling petroleum
products; governmental laws and regulations, including those
relating to the environment and the impact of mandated health care
laws; unanticipated legal and other expenses, and other risk
factors described in the company's Definitive Proxy Statement,
filed with the SEC on October 11, 2016, the Company's latest Annual
Report on Form 10-K, filed with the SEC on February 19, 2016 and
the Company's subsequent Quarterly Reports on Form 10-Q filed
thereafter and other reports and documents we file with the SEC.
While the Company may elect to update these forward-looking
statements at some point in the future, it specifically disclaims
any obligation to do so.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161116006208/en/
CST Brands, Inc.Investors:Randy Palmer, 210-692-2160Executive
Director – Investor RelationsOrMedia:Lisa Koenig,
210-692-2659Director of Communications
Cst Brands, Inc. (NYSE:CST)
과거 데이터 주식 차트
부터 9월(9) 2024 으로 10월(10) 2024
Cst Brands, Inc. (NYSE:CST)
과거 데이터 주식 차트
부터 10월(10) 2023 으로 10월(10) 2024