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CST Brands Inc to acquire the general partner of Lehigh Gas Partners LP

Wednesday, 6 Aug 2014 04:30pm EDT 

CST Brands Inc:Announces agreements to purchase 100 pct of membership interests of Lehigh Gas GP LLC( partner of Lehigh Gas Partners LP) from Lehigh Gas Corporation and all outstanding IDRs of LGP.Aggregate consideration will be $17 million in cash and about 2.044 million shares of CST common stock.Based on the closing share price of CST Brands stock as of Aug. 5 total consideration is valued at about $85 million. 

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29 Jun 2016