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Hess (HES +1%) has hired Goldman Sachs to sell its gas-station chain, WSJ reports, as the oil...

Hess (HES +1%) has hired Goldman Sachs to sell its gas-station chain, WSJ reports, as the oil company looks to evolve into a pure E&P company. HES reportedly is seeking a price in the low single-digit billions for its gas stations; more than 90% of the stores are company-operated and include convenience stores. Analyst estimates of the chain's value vary widely, from $1.2B (Morningstar) to potentially $3.4B (Credit Suisse).
Comments (1)
  • GS will turn them into REITS or some type of tax shelter.
    2 Jul 2013, 01:31 PM Reply Like
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