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CST Brands (CST) Stock Lower, to be Acquired by Alimentation Couche-Tard

NEW YORK (TheStreet) -- Shares of CST Brands (CST) were declining in pre-market trading on Monday as Canadian Alimentation Couche-Tard (ANCUF)said it would purchase the company in a deal valued at about $4.4 billion, including debt.

Couche-Tard, which operates convenience stores, will pay $48.53 per share in cash for the San Antonio, TX-based convenience store retailer.

The transaction value represents a premium of about 42% to CST's closing price on March 3, the last date prior to the company announcing that it was exploring strategic...