Tesoro Petroleum Inc fka TSO

[Timothy Smith]

The US$1.29bn of total proceeds from the sale of the Los Angeles logistics assets implies that TSO will make approximately US$215m on the US$1.075bn Carson acquisition.

I regard the Carson refinery as the highest quality system within the Los Angeles refining center, thus the deal could go down as one of the best acquisitions in US refining history considering that TSO will be paid to take the assets.