CST Brands shareholders approve Couche-Tard merger
- BySeeking Alpha
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CST Brands, Inc., through its subsidiaries, operates as an independent retailer of motor fuel and convenience merchandise items in the United States and eastern Canada. It operates through three segments: U.S. retail, Canadian retail, and CrossAmerica. The company’s retail operations include the sale of motor fuel at retail sites, commission sites, and cardlocks; food, convenience merchandise items, and services at retail sites; and heating oil to residential customers, as well as heating oil and motor fuel to small commercial customers. As of December 31, 2016, it operated 1,167 retail sites located in Arkansas, Arizona, Colorado, Florida, Georgia, Louisiana, New Mexico, New York, Oklahoma, and Texas; 884 retail sites, which consisted of 314 company operated retail sites, 498 commission sites, and 72 cardlocks located in New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, and Québec; and 1,187 distribution sites located in 29 states of the United States. The company also provides other products and services, including car washes, lottery tickets, money orders, air, water, and vacuum services, video and game rentals, and access to automated teller machines. CST Brands, Inc. offers its products primarily under the Corner Store, Fresh Choices, Dépanneur du Coin, Valero, Diamond Shamrock, Ultramar, and Transit Café names. The company was incorporated in 2012 and is based in San Antonio, Texas. As of June 28, 2017, CST Brands, Inc. operates as a subsidiary of Circle K Stores Inc.