Corner Store image courtesy of CVT.

CST Brands Sold For $4.4 Billion To Circle K Parent Company

CST Brands, the San Antonio-based company that owns the Corner Store brand, has been purchased for $4.4 billion by Alimentation Couche-Tard Inc., the Canadian parent company to Circle K. The companies have agreed to a $48.53 per share all-cash buyout, which is slightly higher than CST’s closing price of $47.51 last week amid rumors of the sale.