Cases
CST Brands, Inc. (NYSE : CST)
Merger
Overview
Overview
- Date:
- 9/29/2016
- Company Name:
- CST Brands, Inc.
- Stock Symbol:
- CST
- Class Period:
- FROM 9/26/2016
- Status:
- Closed/Complete
- Court:
- U.S. District Court: District of Western Texas
NEW YORK, September 29, 2016 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Texas Western District Court on behalf of all persons or entities who held CST Brands, Inc. (NYSE: CST) securities on September 26, 2016 (the “Class Period”).
The complaint charges CST and the members of its board of directors for their violations of Section 14(a) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78n(a), 78t(a), and SEC Rule 14a-9, 17 C.F.R. 240.14a-9, in connection with the proposed merger between CST and Circle K Stores, Inc.
Pursuant to the merger agreement, 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 held CST securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The complaint charges CST and the members of its board of directors for their violations of Section 14(a) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78n(a), 78t(a), and SEC Rule 14a-9, 17 C.F.R. 240.14a-9, in connection with the proposed merger between CST and Circle K Stores, Inc.
Pursuant to the merger agreement, 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 held CST securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.