CST Brands spins off from Valero Energy

theflyonthewall.com

CST Brands, Inc. (CST), which includes Corner Store and Dépanneur du Coin, spun off from Valero Energy Corporation (VLO), entering the market as the second-largest publicly-traded fuel and convenience merchandise retailer in North America. Effective as of 12:01 a.m. on May 1, CST shares were distributed to Valero shareholders at a rate of one share of CST for every nine shares of Valero common stock held as of 5:00 p.m. EDT on April 19, 2013. Regular way trading of CST common stock will begin on May 2, 2013. CST stock will be traded on the NYSE under the ticker symbol “CST.”

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