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Tesoro Corp Announces Close On Sale Of Hawaii Operations


Wednesday, 25 Sep 2013 05:44pm EDT 

Tesoro Corp announced that it has completed the previously announced sale of all of its interests in Tesoro Hawaii, LLC to Hawaii Pacific Energy, LLC for approximately $325 million, which includes net working capital. The transaction includes an earn-out arrangement payable over three years up to $40 million based on consolidated gross margins. 

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