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Valero Says It Received $350 Million Offer For Aruba Refinery

By Ben Lefebvre Of DOW JONES NEWSWIRES HOUSTON -(Dow Jones)- Valero Energy Corp. (VLO) has received an offer of $350 million for the idled refinery in Aruba it has been trying to sell for years, according to a government filing. The filing with the U.S. Securities Exchange Commission didn't name the potential buyer, saying only that it had "experience in the refining and marketing industry." "Due diligence process is currently ongoing and no final agreement has been reached to sell the refinery," Valero said in the filing. The Aruba plant, which only partially refines crude oil, has been a constant money loser for San Antonio-based Valero. After a January restart, Valero suspended operations at the 235,000 barrel-a-day refinery in March because of the poor economics of the plant. -By Ben Lefebvre, Dow Jones Newswires; 713-547-9201; ben.lefebvre@dowjones.com; Twitter: @bjlefebvre Order free Annual Report for Valero Energy Corp. Visit http://djnweurope.ar.wilink.com/?ticker=US91913Y1001 or call +44 (0)208 391 6028

Stock News for Valero (VLO)
DateTimeHeadline
08/22/201616:25:35Valero Energy Corporation to Participate in the Barclays CEO...
08/22/201616:23:46Valero Energy Partners LP Announces Acquisition of the Meraux...
08/22/201608:50:00Couche-Tard to Buy CST Brands for About $3.7 Billion
08/19/201616:15:00Valero Energy Corporation to Attend Simmons European Energy...
08/15/201622:40:00Couche-Tard Nears Deal to Buy CST
08/08/201611:49:00Valero: Operational Snag at Port Arthur, Texas, Refinery
08/04/201610:41:01Quarterly Report (10-q)
08/03/201612:08:59Initial Statement of Beneficial Ownership (3)
08/02/201611:48:02Current Report Filing (8-k)
07/28/201616:15:43Valero Energy Board of Directors Elects New Members
07/28/201616:15:00Valero Energy Corporation Declares Regular Cash Dividend on...
07/26/201609:20:43Current Report Filing (8-k)
07/26/201607:03:09Valero Energy Reports Second Quarter 2016 Results
07/25/201603:03:00Summer Offers Refiners No Relief -- WSJ
07/23/201605:59:00Fuel Glut Keeps Pressure on Refiners' Profit
07/12/201616:43:33Valero Acquires 100 Percent Ownership of Parkway Pipeline
07/01/201603:03:00California Seeks Refinery Details in Gasoline Probe -- WSJ
06/30/201612:50:00California Attorney General Investigating Major Oil Refiners
06/30/201612:35:00California Attorney General Investigating Major Oil Refiners
06/24/201614:32:26Valero Energy Corporation to Announce Second Quarter 2016 Earnings...

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