WHEW! Great! ----- Original Message ----- From: [EMAIL PROTECTED] Date: Friday, May 3, 2002 7:35 am Subject: Corporate daisy petals
> They love us, they love us not, they love us... > <hee hee> > > <cf_Corporate soap opera> > > NEW YORK, May 3 (Reuters) - Independent oil refiner and > marketer Tesoro Petroleum Corp. (NYSE:TSO - news) said > Friday it plans to complete its $1 billion purchase of > Valero Energy Corp.'s (NYSE:VLO - news) Golden Eagle > refinery in California, despite concerns that liquidity > problems would halt the deal. > > "Tesoro is still planning on closing the Golden Eagle > acquisition after we have all necessary approvals. We > intend to close the acquisition on a basis that will > insure adequate liquidity following the closing, even in > a below-average margin environment," according to a > statement released by Tesoro Friday morning. > > The reconfirmation of Tesoro's intention to buy the > 168,000 barrel per day (bpd) plant near San Francisco > comes after Tesoro Chief Executive Bruce Smith cast > doubts during a conference call Wednesday, saying > Tesoro "will not close the Golden Eagle asset if we're > not confident we have adequate liquidity." > > </cf_Corporate soap opera> > > Stay tuned for the next exciting episode... > Maybe they will actually set the wedding date this time!! > > -Ben > > ______________________________________________________________________ Structure your ColdFusion code with Fusebox. Get the official book at http://www.fusionauthority.com/bkinfo.cfm Archives: http://www.mail-archive.com/[email protected]/ Unsubscribe: http://www.houseoffusion.com/index.cfm?sidebar=lists
