OKLAHOMA CITY (AP) — Dallas-based Holly Corp. has announced plans to buy the Sinclair Oil Corp. refinery in Tulsa.
The agreement calls for Holly to purchase Sinclair's refinery that produces about 75,000 barrels per day and its approximately 2.3 million barrels of storage in a $128.5 million deal.
Holly says in a statement the deal includes $54.5 million in cash and $74 million in Holly common stock.
The purchase would give Holly ownership of both of Tulsa's refineries. Holly completed the purchase of the Sunoco Inc. refinery in Tulsa in June.
Business
October 20, 2009
Holly Corp. to buy Sinclair refinery in Tulsa
- Business
-
- New business – Healthcare Dining Solutions Inc.
- Young entrepreneurs meeting planned
- Homeland workers earn recognition
- Fall Bull Sale set for Dec. 1 in Warner
- CCOM transitions to electronic records
- Crop loss program enrollment to begin
- Business statistics
- Farm Service Agency program signup set
- Small business distance learning session planned
- City of Muskogee building permits
- More Business Headlines
Raw Video: Hearse Arrives at N.J. Funeral Home
Authorities: Houston Found Underwater in Tub
Arm Wrestler Not Guilty Plea in Wife's Death
Raw Video: Houston Body Flown From L.A. to N.J.
First Person: Westminster Kennel Club Dog Show
Obama's New Budget: The Winners and Losers
Gregoire: Marriage Equality Is Right for Wash.
Bacteria Keep Swimmers Off Some Fla. Beaches
Police: Houston Found Under Water, Unconscious
Sandusky Can See Grandkids, Have Local Jury
Obama Unveils $3.8 Trillion Budget
Raw Video: Israeli Embassy Car Attacked
Coroner: Don't Know Houston's Cause of Death Yet
Valentine Greetings Sent Worldwide From Loveland
Greek Austerity Measures Spark Riots
Raw Video: Obama Budget Goes to Capitol Hill
Arab League Wants U.N. Help in Syria
Nordic Festival Puts North Korea in Spotlight
'Rumor Has It' Adele's Rolling in the Grammys
Grohl, Grammy Nominees Cut Up on the Red Carpet
