Holly Frontier completes refinery acquisition | The Journal Record
DALLAS – Holly Frontier Corp. has completed its previously announced acquisition of Puget Sound Refinery along with an on-site cogeneration facility and related logistics assets from Equilon Enterprises LLC, doing business as Shell Oil Products US. The acquisition was completed for aggregate cash consideration of $613.6 million, which consisted of a base cash purchase price of $350 million, hydrocarbon inventory with an estimated closing value of approximately $266.2 million and other closing adjustments and accrued liabilities of $2.6 million. HollyFrontier expects the transaction to be imm...
Source: journalrecord.com