Feds are nearing approval of Tesoro's purchase of BP refinery

05/16/2013 | Reuters

The Federal Trade Commission could green-light Tesoro's $2.5 billion acquisition of BP's Carson, Calif., refinery as early as June 1, according to sources familiar with the matter. Tesoro would become the state's second-largest refiner behind Chevron if the transaction wins FTC approval.

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