LAVAL, QC, Aug. 22, 2016 /PRNewswire/ - Alimentation Couche-Tard Inc. (TSX: ATD.A ATD.B), ("Couche-Tard"), today announces a definitive merger agreement with CST Brands, Inc. (NYSE: CST ) ("CST") under which Couche-Tard would acquire 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. The terms and conditions of the agreement were unanimously approved by the Boards of Directors of both companies. CST is based in San Antonio, Texas and employs over 14,000 people at over 2,000 locations throughout the Southwestern United States with an important presence in Texas, in Georgia, in the U.S. Southeast Region, in the State of New York and Eastern Canada. CST also controls the general partner of CrossAmerica Partners LP (NYSE: CAPL ) ("CAPL"), owns 100% of its Incentive Distribution Rights and holds a significant equity investment in it.