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BRIEFLY

Getty agreed to acquire Clark Oil & Refining.

June 11, 1987

The tentative deal, worth $447 million, calls for the independent marketer of gasoline and petroleum products to acquire virtually all of Clark Oil & Refining Corp. and other assets and liabilities from its parent, Apex Holding Co. The deal would enable Getty to expand its horizons beyond the Northeast, acquiring two Illinois refineries, 14 marketing terminals and 980 owned and leased service stations in 10 Midwestern states, western Pennsylvania, Kentucky and West Virginia. Getty Petroleum was born out of the 1984 takeover of Getty Oil by Texaco.

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