Tesoro $6.4 billion acquisition of Western Refining

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