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CM - CrossAmerica Partners the next to break the IDR stranglehold - January 2020

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Fuel distributor CrossAmerica Partners LP announced an agreement to get rid of all incentive distribution rights in exchange for about 2.5 million newly issued common units with a total equity value of about $45 million. The partnership also signed a definitive agreement with entities affiliated with chairman Joe Topper to acquire for $36 million the retail operations at 172 sites, wholesale fuel distribution to 114 sites, including 55 third-party wholesale dealer contracts, and a......
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