Tesoro to sell Boise petroleum terminal to win US deal approval
WASHINGTON, June 17
WASHINGTON, June 17 (Reuters) - U.S. antitrust regulators have given oil refiner Tesoro Corp and its logistics subsidiary approval to buy Northwest Products Pipeline system and related assets from Chevron Corp, on the condition that its sells a petroleum terminal in Boise, Idaho, the Federal Trade Commission said on Monday.
Tesoro struck a deal in December to buy the assets from Chevron for $400 million but lowered the price in May to $355 million after a renegotiation.
- Missing jet may have strayed toward Andaman Sea: Malaysian air force |
- NYC buildings explosion kills two, more missing
- EU moves towards travel bans, asset freezes for Russians |
- Malaysia military source says missing jet veered to west |
- Exclusive: EU approves framework for asset freezes, travel bans on Russia