Flying J eyes alternatives to owning Big West refinery

Discussion in 'Truckers News' started by rookietrucker, May 19, 2009.

May 19, 2009 #1

rookietrucker Trucker Forum STAFF Staff Member

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Flying J eyes alternatives to owning Big West refinery

Flying J has confirmed that it is reviewing strategic alternatives to its ownership of a refinery in Bakersfield, CA.

Big West Oil LLC, a subsidiary of Flying J, has retained Deutsche Bank Securities Inc. as financial advisor to assist in this process.

The review of strategic alternatives may result in the sale of all or part of the refinery, read a statement from Flying J and Big West issued Monday, May 18.

Flying J officially suspended operations of the Bakersfield refinery in January after the diesel and fuel retail giant filed for chapter 11 bankruptcy.

more here>> Flying J eyes alternatives to owning Big West refinery
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rookietrucker, May 19, 2009

rookietrucker, May 19, 2009

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