V&E, Andrews Kurth Aid $7B Holly-Frontier Merger

Law360, New York (February 22, 2011, 3:43 PM EST) -- Oil refiners Holly Corp. and Frontier Oil Corp. announced Tuesday they would merge to create a $7 billion enterprise with an increased focus on resources in the central and southwestern U.S., as well as parts of Canada.

The all-stock merger will create one of the largest U.S. refiners, which will be called HollyFrontier Corp., the companies said.

Under the deal, Frontier shareholders will get 0.48 Holly shares for each piece of Frontier common stock. When the deal closes, Holly shareholders will own 51 percent of the...
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