Pillsbury Steers Tesoro In $2.5B Purchase Of BP SoCal Units
Tesoro will acquire BP's Southern California operations for $1.18 billion, plus the value of BP's inventory when the deal closes. The expected value of the inventory is $1.3 billion, the San Antonio-based energy company said.
The deal is expected to close in mid-2013 and includes BP's refinery in Carson, Calif., a 266,000-barrel-a-day facility...
To view the full article, register now.