With a pending merger with Circle K, CST won’t include financial guidance.
CST Brands Inc.’s is set to release its first quarter 2017 results after the market closes on Monday, May 8, 2017.
In light of the pending merger with Circle K Stores Inc., a Texas corporation (“Circle K”) and a wholly-owned subsidiary of Alimentation Couche-Tard Inc. CST does not intend to issue financial guidance regarding the company’s projected financial performance or host a first quarter earnings conference call.
As previously reported, on Aug. 21, 2016, CST Brands entered into an Agreement and Plan of Merger with Circle K. Under the terms of the merger agreement, CST will be merged with a subsidiary of Circle K.
The closing of the merger is subject to certain conditions, including, among others, the expiration or termination of applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and receipt of clearance under the Canadian Competition Act. CST stockholders approved the merger on Nov. 16, 2016.