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0 0.00108577633007598 0.00217155266015196 0.00325732899022794 0.013029315960912 0.03257328990228 0.0770901194353962 0.0488599348534201
Stock impact report

Exclusive: Sinclair Oil weighs offers for company sale: sources [Reuters]

Par Pacific Holdings, Inc. (PARR) 
NASDAQ:AMEX Investor Relations: parpacific.com/profile
Company Research Source: Reuters
Exclusive: Sinclair Oil weighs offers for company sale: sources NEW YORK (Reuters) - Sinclair Oil Corp, which operates two Wyoming refineries and has licensed more than 1,000 branded gasoline stations, is reviewing offers to buy the company, according to three people familiar with the matter. A Sinclair sale could fetch between $2 billion and $3 billion, according to the sources, speaking on condition of anonymity as the talks are private. However, many U.S. refineries are already on the block and have struggled to find buyers. The sharp drop in equity and energy prices also makes striking mergers and acquisitions deals in the current climate very difficult. The company, headquartered in Salt Lake City, Utah, will review initial incoming offers and will determine whether serious talks are merited, two of the sources said. A determination on the viability of the offers is expected within the month. It has retained boutique firm Tudor, Pickering, Holt & Co as an advisor; neither it or S Show less Read more
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