Par Pacific to Acquire U.S. Oil & Refining Co. to Significantly Boost Mainland Refining and Logistics Presence

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Nov 27, 2018
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-- $358 million purchase price plus acquired net working capital

-- Connects existing assets in Hawaii, Pacific Northwest and Rockies to create an integrated downstream network with significantly enhanced scale and diversification

-- Geographically and logistically well-positioned to source discounted Western Canadian and Bakken crudes

-- Expected to be immediately accretive to Adjusted Net Income per common share

-- Par Pacific to host conference call and webcast at 9 a.m. ET on November 27, 2018

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