By: Benzinga
April 04, 2013 at 20:03 PM EDT
Valero Board Approves Spin-off of CST Brands
Valero Energy Corporation (NYSE: VLO ) today announced that its Board of Directors has approved the spin-off of its retail business through the distribution of 80 percent of the outstanding shares of CST Brands (NYSE: CST ) common stock to holders of Valero common stock.The distribution of CST
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