Case Page

 

Case Status:    DISMISSED    
On or around 04/10/2017 (Notice of voluntarily dismissal)

Filing Date: September 26, 2016

According to the law firm press release, 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.

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.

This case was voluntarily dismissed on April 10, 2017.

COMPANY INFORMATION:

Sector: Services
Industry: Retail (Specialty)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: CST
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: W.D. Texas
DOCKET #: 16-CV-00955
JUDGE: Hon. Fred Biery
DATE FILED: 09/26/2016
CLASS PERIOD START: 08/22/2016
CLASS PERIOD END: 09/26/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Faruqi & Faruqi LLP (New York)
    685 3rd Avenue 26th Floor, Faruqi & Faruqi LLP (New York), NY
    212..983.9330 212..983.9331 ·
  2. Monteverde & Associates PC
    350 Fifth Avenue, 59th Floor, Monteverde & Associates PC, NY 10118
    (212) 971-1341 ·
  3. The Bilek Law Firm, L.L.P.
    808 Travis, Suite 802, The Bilek Law Firm, L.L.P., TX 77002
    713.227.7720 713.227.7720 ·
No Document Title Filing Date