Corporate News

Corporate news affecting the convenience store industry

Alon USA Energy Inc. announced that it has closed on its previously announced acquisition of Paramount Petroleum Corp. with an effective date of July 31, 2006.

DALLAS --Alon USA Energy Inc. has announced that it has closed on its previously announced acquisition of Paramount Petroleum Corp. with an effective date of July 31, 2006. The purchase price was approximately $314 million in cash and approximately $150 million in assumed net debt with excess...

Strong margin environment for refiner-marketer

SAN ANTONIO -- Tesoro Corp. has reported net earnings of $326 million, or $4.66 per share, for second-quarter 2006, compared to net earnings of $184 million, or $2.62 per share, for second-quarter 2005. Bruce A. Smith, chairman, president and CEO of Tesoro, said, The optimal mix of crude sources,...

Will guide global marketing, innovation

CHICAGO -- Information Resources Inc. (IRI), a provider of enterprise market information solutions for the consumer packaged goods (CPG), retail and healthcare industries, said that Andrew A. Salzman recently joined the company as executive vice president and global chief marketing officer. In this...

Strong refining margins for ethanol-blended gas, low-sulfur diesel
Firm buys 4 Ill. stations for cleanup, resale
Company may not consider any acquisition proposal from Cardinal/Drawbridge
Alon USA Energy Inc. received notice from the FTC that the FTC has closed its investigation of Alon's pending acquisition of Paramount Petroleum Corp.
Completes acquisition of refining equipment, marketing assets
SSA increased same-store merchandise sales by 8.7%
Ten former Git-N-Go locations in Arkansas to re-open soon

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