Hollyfrontier announces acquisition of puget sound refinery

Dallas--(business wire)--hollyfrontier corporation (nyse: hfc) (“hollyfrontier”) today announced that it has entered into a definitive agreement to acquire the puget sound refinery, the on-site cogeneration facility and related logistics assets, from equilon enterprises llc d/b/a shell oil products us (“shell”) for a purchase price of $350 million, plus hydrocarbon inventory to be valued at closing with an estimated current value in the range of $150-180 million. hollyfrontier expects to fund t
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