Tesoro Logistics LP : * Tesoro Logistics reaches agreement with Tesoro Corporation to acquire second portion of Los Angeles logistics assets * Total consideration for deal of $650 million * Says acquisition of these strategically important assets will be immediatelyaccretive * Partnership expects deal will contribute estimated EBITDA of $60 million to$65 million in its first full year of operation * Deal price of $650 million will include cash of $585 million and an equityconsideration valued at approximately $65 million * Expects that Los Angeles logistics assets will contribute about annual EBITDA
Tesoro Logistics LP (TLLP) owns, operates, develops and acquires crude oil and refined products logistics assets. Shares of TLLP fell by 1.56% or $-0.84/share to $53.01. In the past year, the shares have traded as low as $41.26 and as high as $71.92. On average, 104509 shares of TLLP exchange hands on a given day and today's volume is recorded at 147450.
Tesoro Corporation (Tesoro) is an independent petroleum refiners and marketers in the United States. Shares of TSO traded higher by 1.56% or $0.85/share to $55.38. In the past year, the shares have traded as low as $38.42 and as high as $65.75. On average, 3689070 shares of TSO exchange hands on a given day and today's volume is recorded at 5592543.
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