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Stock Market & Financial Investment News

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December 17, 2012
06:36 EDTCLMT, NSCalumet Specialty Products acquires refinery assets from NuStar Energy for $115M
Calumet Specialty Products (CLMT) announced that it has signed a definitive agreement to acquire the San Antonio, Texas refinery and associated crude oil pipeline, crude oil terminal, other operating and logistics assets and inventories of NuStar Refining and NuStar Logistics, both wholly owned subsidiaries of NuStar Energy (NS), for aggregate consideration of approximately $100M, plus an amount for closing date inventory estimated to be $15M, subject to customary purchase price adjustments. Closing of the transaction is expected to occur in January 2013.
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