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Valero Energy Corp's subsidiary purchases 11th ethanol plant from Renewable Energy Holdings Inc

Friday, 21 Mar 2014 11:52am EDT

Valero Energy Corp:Says Valero Renewable Fuels Company, LLC, purchases corn ethanol plant in Mount Vernon, Ind. from Aventine Renewable Energy-Mt. Vernon, LLC, subsidiary of Aventine Renewable Energy Holdings, Inc.

Summit Midstream Partners LP announces closing of Red Rock Drop Down Acquisition

Tuesday, 18 Mar 2014 05:55pm EDT

Summit Midstream Partners LP:Says its wholly owned subsidiary, Grand River Gathering, LLC closed acquisition of Red Rock Gathering Company, LLC from a subsidiary of Summit Midstream Partners, LLC.Total cash consideration of $305.0 mln.

Summit Midstream Partners, LP announces acquisition of Red Rock Gathering - Form 8-K

Monday, 10 Mar 2014 04:07pm EDT

Summit Midstream Partners, LP (SMLP):Enters into purchase and sale agreement with Red Rock Gathering, LLC and Summit Midstream Partners Holdings, LLC, a wholly owned direct subsidiary of Summit Midstream Partners, LLC.Pursuant to which SMLP acquired all of the issued and outstanding membership interests of Red Rock Gathering for a total purchase price of $305.0 million.Says Red Rock acquisition will be partially financed with a draw of about $110.0 million under SMLP’s revolving credit facility.Says balance of the acquisition is expected to be financed with the proceeds from a primary equity offering of SMLP common units.Says Red Rock acquisition is expected to close in March.

World Fuel Services Corp completes Watson Petroleum acquisition

Monday, 10 Mar 2014 08:00am EDT

World Fuel Services Corp:Says it has completed the previously announced acquisition of Watson Petroleum Limited.

Star Gas Partners LP closes Griffith Energy Services Inc acquisition

Tuesday, 4 Mar 2014 11:00am EST

Star Gas Partners LP:Completes acquisition of Griffith Energy Services Inc.As previously announced, the Partnership acquired the equity of Griffith for $69.9 mln plus estimated working capital, which amounted to $32.2 mln at closing.

NWF Group PLC update on acquisition of SC Feeds Ltd and issue of equity

Tuesday, 4 Mar 2014 02:00am EST

NWF Group PLC:Reaches agreement on the final tranche of consideration payable in respect of the acquisition of the entire issued share capital of SC Feeds Ltd (SC Feeds).As announced previously on Dec. 03, 2013, the total consideration for the acquisition comprised an initial consideration of 6.0 mln pounds in cash and up to 0.75 mln pounds to be satisfied by the issue of new ordinary shares of NWF.NWF has reached agreement with the vendors of SC Feeds that the final tranche of consideration payable in NWF Shares will be 0.56 mln pounds.Consequently the total consideration payable in respect of the acquisition of SC Feeds will be 6.56 mln pounds.In accordance with the acquisition agreement, the Equity Consideration will be satisfied by the issue to the Vendors of NWF Shares at a price equating to 148.33 pence per share.Application has been made for 374,340 NWF Shares to be admitted to AIM.These new ordinary shares will rank pari passu with the existing ordinary shares of NWF.Admission is expected to take place on March 07.

Calumet Specialty Products Partners LP acquires United Petroleum Company

Friday, 28 Feb 2014 03:30pm EST

Calumet Specialty Products Partners LP:Says it acquired United Petroleum Company.Says Financial terms of the transaction were not disclosedm.

S-Oil Corp to purchase land and buildings in Ulsan

Thursday, 27 Feb 2014 05:12pm EST

S-Oil Corp:Says to acquire land measured 920,411 square meters and related buildings on the land in Ulsan.Transaction price is 519,000 million won.Expected transaction settlement date is Dec. 1.

Western Gas Partners LP announces acquisition; gives FY 2014 EBITDA guidance

Thursday, 27 Feb 2014 04:05pm EST

Western Gas Partners LP:Agrees to acquire from Anadarko a 20 pct interest in each of Texas Express Pipeline LLC and Texas Express Gathering LLC and a 33.33 pct interest in Front Range Pipeline LLC for $375 million.Intends to finance the acquisition with the borrowing of $350 million on its revolving credit facility, $6 million of cash on hand, and the issuance of 308,490 common units to Anadarko at an implied price of $60.78 per unit.Acquisition price is equal to the assets' book value as of the acquisition date, and the acquisition is expected to close on March 3, 2014.Based on the current forecast, which includes the aforementioned acquisition effective March 1, WES's adjusted EBITDA for fiscal 2014 is expected to be between $600 million and $650 million.

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