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Tesoro's (TSO -4.9%) proposed acquisition of Arco and its Carson refinery for $2.5B faces...
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Wednesday, October 10, 2012, 11:41 AM ETTesoro's (TSO -4.9%) proposed acquisition of Arco and its Carson refinery for $2.5B faces increasing opposition, LA Times reports, as activists say the deal would reduce competition and raise prices for motorists. The deal is drawing fire, as California's average gasoline price hits a record $4.671/gal., because it would leave 51% of the state's refining capacity with just TSO and Chevron.
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