Faruqi & Faruqi, LLP Announces the Investigation of CST Brands, Inc. (CST) Over the Proposed Sale of the Company to Alimentation Couche-Tard Inc.
Nadeem Faruqi, founding partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of CST Brands, Inc. (“CST” or the “Company”) (NYSE:CST) for potential breaches of fiduciary duties in connection with the sale of the Company to Alimentation Couche-Tard Inc. for approximately $55.00 per share.
The Company’s stockholders will only receive $48.53 for each share of CST common stock they own. However, this consideration is below at least one analyst’s price target of $55.00 per share and offers virtually no premium over the 52-week high of $48.31 per share.
If you own common stock in CST and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Nadeem Faruqi, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330. You may also contact Juan E. Monteverde, Esq. either via email at email@example.com or by telephone at (212) 971-1341.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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