Tesoro $6.4 billion acquisition of Western Refining

17/11/2016
Public acquisition

$ 6.4 billion

Announced

17/11/2016


Overview:

  • Texas-based petroleum refineries company Tesoro has acquired Western Refining in a $6.4 billion deal.
  • Tesoro paid $37.30 per Western share and assumed about $1.7 billion of Western debt.
  • The acquisition also includes a $605 million non-controlling interest in Western Refining Logistics.
  • Goldman Sachs acted as exclusive financial adviser for Tesoro, while Barclays served as exclusive financial adviser for Western.

Kurt Stumpo - Journalist

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