Valero Pulls Two Refineries Off the Market As Bidders Vanish (VLO)
For several years Valero Energy Corp. (VLO) has been trying to divest its non-core refining assets, and early bidding action for refineries was fierce (and global) when it began in early 2007. Valero sold its Lima refinery for $1.9 billion, turning a tidy profit and creating a high implied value for the company’s 15 other [...]
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