Oil & Gas Refining & Marketing M&A » By The Online Investor Staff, updated Tue., Aug. 9, 4:31 AM
Recent mergers and acquisitions in the Oil & Gas Refining & Marketing M&A category.
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Slide #35. Calumet Specialty Products Partners, L.P. — NuStar Energy San Antonio Refinery and Related Assets
Acquirer:
Calumet Specialty Products Partners, L.P.
Acquiree:
NuStar Energy San Antonio Refinery and Related Assets (NYSE:NS)
Details:
NuStar Energy L.P. (NYSE:NS) announced today that it has closed on the sale of its San Antonio refinery and related assets, including a terminal in Elmendorf, TX and a pipeline connecting the terminal and refinery, to Calumet Specialty Products Partners, L.P. ("Calumet") for $100 million, plus closing date inventory of approximately $15 million. NuStar purchased the refinery and terminal out of bankruptcy in April 2011 for $41 million, and the company has invested approximately $54 million since then on improvements.
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Avg. Broker Rec.
 
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Buy (2.67 out of 4) 3rd percentile
(ranked lower than approx. 97% of all stocks covered)
Analysts' Target Price: NS Stock Forecast Based on Zacks ABR data; powered by Xignite |
