NEW YORK, Oct. 14, 2016 /PRNewswire/ -- Notice is hereby
given that Faruqi & Faruqi, LLP has filed a class action
lawsuit in the United States District Court for the Western
District of Texas, case no.
5:16-cv-00955, on behalf of shareholders of CST Brands, Inc. ("CST"
or the "Company") (NYSE: CST) who held CST securities and
have been harmed by CST's and its board of directors' (the "Board")
alleged violations of Sections 14(a) and 20(a) of the Securities
Exchange Act of 1934 (the "Exchange Act") and Securities and
Exchange Commission ("SEC") Rule 14a-9 in connection with the
proposed merger between the Company and Circle K Stores, Inc.
("Circle K").
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On August 22, 2016, CST and Circle
K jointly announced that they had entered into an Agreement and
Plan of Merger ("Merger Agreement") under which Circle K, an
indirect wholly owned subsidiary of Alimentation Couche-Tard Inc.,
will merge with CST through Ultra Acquisition Corp., a newly formed
subsidiary of Circle K (the "Proposed Transaction"). The
shareholder vote on the Proposed Transaction has been set for
November 16, 2016.
If you wish to obtain information concerning this action or
view a copy of the complaint, you can do so by clicking here:
www.faruqilaw.com/CSTnotice.
Pursuant to the terms of the Merger Agreement, which was
unanimously approved by the Board, CST shareholders will receive
$48.53 in cash for each share
of CST they own. The complaint claims that this offer is
inadequate in light of the Company's recent financial performance
and strong growth prospects, and that the Schedule 14A Definitive
Proxy that was filed with the SEC soliciting shareholder votes
provides materially incomplete and misleading information about the
Company's financials and the fairness of the Proposed Transaction,
in violation of Sections 14(a) and 20(a) of the Exchange Act.
Take Action
Plaintiff is represented by Faruqi & Faruqi, LLP, a law firm
with extensive experience in prosecuting class actions, and
significant expertise in actions involving corporate fraud.
Faruqi & Faruqi, LLP, was founded in 1995 and the firm
maintains its principal office in New
York City, with offices in Delaware, California, and Pennsylvania.
If you wish to serve as lead plaintiff, you must move the Court
no later than 60 days from today. Any member of the putative
class may move the Court to serve as lead plaintiff through counsel
of their choice, or may choose to do nothing and remain an absent
class member. If you wish to discuss this action, or have any
questions concerning this notice or your rights or interests,
please contact:
Nadeem Faruqi, Esq.
James M. Wilson, Jr., Esq.
FARUQI & FARUQI, LLP
685 3rd Avenue, 26th Floor
New York, NY 10017
Tel.: (212) 983-9330
Fax: (212) 983-9331
E-mail: nfaruqi@faruqilaw.com
jwilson@faruqilaw.com
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SOURCE Faruqi & Faruqi, LLP