Seeking Alpha

BP's pain is Tesoro's (TSO) gain, the company agreeing to purchase the oil giant's Carson, CA...

BP's pain is Tesoro's (TSO) gain, the company agreeing to purchase the oil giant's Carson, CA refinery and ARCO retail operation for about $2.5B. Tesoro (+3.2% premarket) expects the acquisition to be accretive to earnings in each of the first two years of operations. (PR)
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