Market Overview

CST Brands Announces 13.112M Share Offering by Valero

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CST Brands (NYSE: 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 (NYSE: 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

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:

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

Posted-In: News Guidance Offerings Contracts Management Global


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