Oil & Gas Refining & Marketing M&A » By The Online Investor Staff, updated Wed., Apr. 14, 3:15 PM
Recent mergers and acquisitions in the Oil & Gas Refining & Marketing M&A category.
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Slide #16. World Fuel Services Corporation — Watson Petroleum Limited
Acquirer:
World Fuel Services Corporation (NYSE:INT)
Acquiree:
Watson Petroleum Limited
Details:
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 include: 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 and services to petroleum distributors, retail petroleum operators, and industrial, commercial, residential and government customers; and marine, which markets fuel, lubricants and related products and services to a base of marine customers.
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