Oil & Gas Refining & Marketing M&A » By The Online Investor Staff, updated Tue., Apr. 20, 3:50 AM
Recent mergers and acquisitions in the Oil & Gas Refining & Marketing M&A category.
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Slide #38. World Fuel Services Corporation — Multi Service Corporation
Acquirer:
World Fuel Services Corporation (NYSE:INT)
Acquiree:
Multi Service Corporation
Details:
World Fuel Services Corporation announced that it has signed a definitive agreement to acquire select assets of Multi Service Corporation ("Multi Service") for a purchase price of approximately $137 million. Multi Service is a global transaction management company specializing in fleet, government and commercial payment programs primarily through closed-loop networks.
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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Buy (3.00 out of 4) 28th percentile
(ranked lower than approx. 72% of all stocks covered)
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