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Tesoro Surges on Purchase of BP Refinery
Monday, August 13, 2012 - 1:54pm | 494Shares of Tesoro (NYSE: TSO), one of the largest U.S. refiners, are soaring by over nine percent on volume that is better than double the daily average after the company announced it purchase BP's (NYSE: BP) Carson, California refinery and related assets for nearly $2.5 billion. Tesoro will pay $...