NEW YORK, Aug. 30, 2016 /PRNewswire/ -- Nadeem Faruqi, founding partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of CST Brands, Inc. ("CST" or the "Company") (NYSE:CST) for potential breaches of fiduciary duties in connection with the sale of the Company to Alimentation Couche-Tard Inc. for approximately $55.00 per share.
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.
Click here for more information: www.faruqilaw.com/CST. There is no cost or obligation to you.
The investigation focuses on whether CST's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of CST's shareholders.
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Faruqi & Faruqi, LLP is working together in this investigation with Juan E. Monteverde from Monteverde & Associates PC.
If you own common stock in CST and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/CST or contact Nadeem Faruqi, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330. You may also contact Juan E. Monteverde, Esq. either via email at [email protected] or by telephone at (212) 971-1341.
Faruqi & Faruqi, LLP
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Attn: Nadeem Faruqi, Esq.
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Phone: (212) 983-9330
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