what i find unusual is that between June-July VLO purchased 29 stores from The Crackerbox Stores, thereby expanding their retail business. To change course within 90days doesn`t make sense. It seems you`re retail div is agreesivley expanding into new areas like Little Rock and Hot Springs, Ark.I don`t believe the auction will pan out for VLO and we`ll see the spinoff instead..
It all depends on the delta of the selling price to another company(ies) and the spin off value in a separate company retail sock. If someone is willing to pay enough for the retail chain and it would exceed the tax liability, then they will sell it. If not, they do the retail spin in separate company.