August 31, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of CST Brands Inc (NYSE:CST), was announced concerning whether the takeover of CST Brands Inc. by Couche-Tard Inc for $48.53 per share is unfair to NYSE:CST stockholders.

The investigation by a law firm concerns whether certain officers and directors of CST Brands Inc breached their fiduciary duties owed to NYSE:CST investors in connection with the proposed acquisition.

On August 22, 2016, Couche-Tard Inc. (TSX: ATD.A ATD.B), (Couche-Tard) announces a merger agreement with CST Brands Inc (NYSE:CST) under which Couche-Tard would acquire CST Brands Inc (NYSE:CST) in an all-cash transaction for US $48.53 per share, with a total enterprise value of approximately US $4.4 billion including net debt assumed.

However, the investigation concerns whether the offer is unfair to NYSE:CST stockholders. More specifically, the investigation concerns whether the CST Brands Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.