Valero Energy Corp. and Ultramar Diamond Shamrock Corp. weren't the only two oil companies making merger news today as Williams Cos. Inc. agreed to buy oil and natural gas company Barrett Resources Corp. for approximately $2.5 billion in cash and stock.
In the Tri-Cities area, Aztex has sold four stations to Mountain Empire Oil. The company has a purchase agreement for the sale of its nine Nashville stores and two pieces of vacant property there to Parman Oil Co.
Hudson, Ohio-based Dairy Mart Convenience Stores Inc. named Najib Tegey director of store operations, and Gary Feldman director of gasoline operations.
The lawsuit filed in U.S. District Court in New York focused only on fountain-dispensed drinks handled by large foodservice distributors who control deliveries to chains of restaurants and theaters.
Sunoco has received "viable offers" for the Kendall brand, customer lists and a lubricants-blending plant in Tulsa, Okla., spokesperson Jerry Davis said. The company expects to take an unspecified third-quarter charge to write down the assets' value.
