Tesoro Logistics LP Sets Estimated IPO Price Range
Apr 13, 2011
Tesoro Logistics LP, the refined oil terminal, pipeline and tank storage unit of refiner Tesoro Corp (NYSE:TSO) set an estimate price range for its IPO of $19 to $21 a common unit.
The Delaware Limited Partnership will offer 12.5 million common units, and plans to raise about $250 million dollars.
A large part of the proceeds will be distributed to Tesoro Corp to reimburse the company for certain capital expenditures incurred.
Tesoro Logistics LP plans to trade under the symbol TLLP on the New York Stock Exchange.
Excellent article. Very interesting to read. I really love to read such a nice article. Thanks! keep rocking. central texas custom builder
ReplyDelete