Valero (VLO -0.5%) will pay $730M for Chevron's (CVX -1.5%) Pembroke refinery in the U.K., plus...

|About: Chevron Corporation (CVX)|By:, SA News Editor

Valero (VLO -0.5%) will pay $730M for Chevron's (CVX -1.5%) Pembroke refinery in the U.K., plus ownership interests in four product pipelines, 11 fuel terminals, and 1,000+ Texaco-branded wholesale sites. Whispers about the deal had suggested the purchase price would be higher. (PR)