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08.08.2014 03:19:00
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CST Brands, Inc. -- Moody's says CST Brands' potential acquisition of Lehigh Gas GP LLC has no ratings impact
New York, August 07, 2014 -- Moody's Investors Service said today that CST Brands, Inc.'s ("CST") announcement that it has entered into an agreement to purchase 100% of the membership interests of Lehigh Gas GP LLC, the general Partner of Lehigh Gas Partners LP from Lehigh Gas Corporation will have no immediate impact on CST's Ba2 Corporate Family Rating or its stable ratings outlook. CST will pay $17 million in cash and about two million shares of CST common stock for the acquisition. The transaction is expected to close in the fourth quarter of 2014.
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