CST Brands Announces 13.112M Share Offering by Valero

Loading...
Loading...
CST Brands
CST
announced today the commencement of an underwritten public offering, subject to market conditions, of 13,112,564 shares of its common stock owned by Valero Energy
VLO
, the selling stockholder.  The underwriters are expected to be granted a 30-day option to purchase up to 1,966,884 additional shares of our common stock owned by the selling stockholder.  CST Brands, Inc. is not selling any shares in this offering and will not receive any proceeds from the sale of the shares of common stock offered by the selling stockholder. Citigroup, Wells Fargo Securities, J.P. Morgan, Mizuho Securities and RBC Capital Markets are acting as joint book-running managers for the offering.  Credit Suisse, Mitsubishi UFJ Securities, Piper Jaffray, PNC Capital Markets LLC, RBS, Scotiabank, SMBC Nikko and SunTrust Robinson Humphrey are acting as co-managers for the offering. The offering may be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained, when available, by sending a request to: Citigroup c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Phone: (800) 831-9146   Wells Fargo Securities Attn: Equity Syndicate Department 375 Park Avenue, 4th Floor New York, NY 10152 Phone: (800) 326-5897               J.P. Morgan Attn: Broadridge
See full press release
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: NewsGuidanceOfferingsContractsManagementGlobal
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...