January 9, 2018 / 9:21 PM / 9 months ago

BRIEF-Par Pacific Holdings To Acquire Cenex Zip Trip Retail Locations In Washington And Idaho

Jan 9 (Reuters) - Par Pacific Holdings Inc:

* PAR PACIFIC HOLDINGS, INC. TO ACQUIRE CENEX® ZIP TRIP RETAIL LOCATIONS IN WASHINGTON AND IDAHO

* PAR PACIFIC HOLDINGS INC - DEAL FOR APPROXIMATELY $70 MILLION PLUS AGREED VALUE OF INVENTORY AT CLOSING

* PAR PACIFIC HOLDINGS INC - ‍ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE 33 CENEX ZIP TRIP CONVENIENCE STORES FROM CHS INC​

* PAR PACIFIC HOLDINGS - DEAL ANTICIPATED TO BE IMMEDIATELY ACCRETIVE TO ADJUSTED EARNINGS PER SHARE

* PAR PACIFIC HOLDINGS - ‍ANTICIPATES ADJUSTED EBITDA FROM ACQUIRED STORES TO BE ABOUT $7.0 MILLION TO $7.5 MILLION IN FIRST FULL YEAR OF OPERATIONS​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below