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Slide #85. World Fuel Services Corporation — Watson Petroleum Limited
World Fuel Services Corporation (NYSE:INT)
Watson Petroleum Limited
World Fuel Services Corporation (NYSE:INT), announced today that a wholly-owned subsidiary of the company has signed a definitive agreement to acquire Watson Petroleum Limited, a leading distributor of gasoline, diesel, heating oil, lubricants and other products and related services across England and Wales, for a purchase price of 117 million ($191 million). The purchase price will be funded through cash-on-hand and the company's existing credit facilities.
World Fuel Services is a global fuel services company. Co.'s segments are: aviation, which provides global aviation fuel supply and service solutions to main commercial airlines, second and third-tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators and private aircraft; land, which provides fuel, heating oil, propane, natural gas, lubricants and related products, advisory and fulfillment solutions, transaction management services, and transportation logistics for its product deliveries; and marine, which markets fuel, lubricants and related products and services to a base of marine customers.
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Hold (2.50 out of 4)
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