Circle k stores inc. agreed to acquire 17.5% interest in cst fuel supply lp from crossamerica partners lp (nyse:capl).

Circle k stores inc. agreed to acquire 17.5% interest in cst fuel supply lp from crossamerica partners lp (nyse:capl) on november 19, 2019. as part of consideration, couche-tard will transfer u.s. wholesale fuel supply contracts covering 387 sites and 45 fee and leasehold properties to crossamerica. crossamerica will also assume certain liabilities associated with the assets. the exchange transaction has been approved by the conflicts committee of the board of directors of crossamerica’s general partner and is expected to close in the calendar first quarter of 2020 and . greenhill & co., inc. (nyse:ghl) and faegre baker daniels llp acted as financial and legal advisor to couche-tard respectively and skadden, arps, slate, meagher & flom llp acted as legal advisor to entities controlled by joe topper.
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