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November 16, 2007 | From Times Wire Services
Tesoro Corp., a U.S. refiner targeted in a $1.4-billion tender offer by Kirk Kerkorian's Tracinda Corp., suggested giving a Tracinda representative a seat on its board. Tesoro Chief Executive Bruce Smith, during a Nov. 13 meeting with Tracinda executives in Beverly Hills, said it might be "a good idea" for the investment firm to have a board seat, according to a public filing by Tracinda. San Antonio-based Tesoro also suggested entering into a shareholder agreement with the firm.
May 7, 2002 | Associated Press
Tesoro Petroleum Corp. has renegotiated the price it will pay Valero Energy Corp. for a refinery and 70 service stations in California, and the deal will close this month, the companies said. The San Antonio-based oil companies said they agreed to trim the purchase price by $50 million to $1.075 billion and defer payment of $150 million. Last week, Tesoro Chief Executive Bruce A.
October 30, 2007 | From Times Wire Services
Tesoro Corp. said its board would review an unsolicited $1.4-billion offer by billionaire investor Kirk Kerkorian to buy an additional 16% stake in the oil refiner. The Tesoro board will review the offer over the next 10 days, the company said. Kerkorian's Tracinda Corp., which already owns 4% of the company, offered Friday to buy an additional 21.9 million shares for $64 a piece, 12% more the stock's closing price Thursday.
November 27, 2007 | From Bloomberg News
Billionaire Kirk Kerkorian's Tracinda Corp. suggested it may withdraw its $1.4-billion tender offer for 16% of Tesoro Corp. after the refinery owner adopted a stockholder-rights plan that Tracinda said violates a condition of the bid. Shares of Tesoro fell 7.6% on Monday. The rights plan "significantly limits opportunities to enhance stockholder value," Tracinda said in a statement. Tracinda also said it was "weighing its alternatives."
July 30, 2008 | Susannah Rosenblatt
Two Orange County teenagers facing 73 felony counts for allegedly breaking into their high school to steal tests and change grades as part of an elaborate cheating scheme pleaded not guilty Tuesday, officials said. Omar Khan, 18, of Coto de Caza and Tanvir Singh, 18, of Ladera Ranch allegedly hacked into the computers at Tesoro High School in an attempt to improve their college admissions chances. Khan faces a maximum of more than 38 years in prison; Singh faces up to three years in prison.
November 29, 2008 | Mark Medina, Austin Knoblouch, Steve Galluzzo, staff reports
Santa Ana Mater Dei kicker Zac Chocek missed a 37-yard field goal as time expired and host Rancho Santa Margarita Tesoro held on for a 38-35 victory Friday night in a Pac-5 Division quarterfinal. Titans quarterback Robbie Picazo displayed pinpoint accuracy, completing 20 of 28 passes for 212 yards and two touchdowns with one interception. Mater Dei quarterback Matt Barkley completed 11 of 31 passes for 236 yards and one touchdown with four interceptions, though eight of his passes were dropped.
October 17, 2008 | Ben Bolch
No. 3 Mission Viejo (5-0) at No. 22 Rancho Santa Margarita Tesoro (5-0) Tonight at 7:30, FSN Prime Ticket Brian Barnes said he envisioned turning Tesoro into an Orange County power when he was hired to coach the Titans two years ago, but he never could have imagined the ascent would be this swift. Tesoro ended Mission Viejo's 39-game South Coast League unbeaten streak last year and is brimming with confidence heading into the rematch in front of what could be a school-record home crowd.
March 29, 2007 | From the Associated Press
Federal antitrust regulators have cleared the sale of Shell Oil Co.'s Wilmington refinery and 250 retail sites in Southern California to independent oil company Tesoro Corp. According to a notice issued by the Federal Trade Commission, the government has completed its investigation of the sale and ended a waiting period on the transaction. San Antonio-based Tesoro and Houston-based Shell, a division of Royal Dutch Shell, announced the sale Jan. 29.
August 26, 2005 | From Bloomberg News
Tesoro Corp., the second-largest oil refiner on the West Coast, said a fire Wednesday shut a fluid catalytic cracking unit at its refinery near San Francisco. The fire started about 4:15 p.m. and was extinguished by 5:05 p.m. by the refinery's emergency personnel, said Sarah Simpson, a spokeswoman at Tesoro's San Antonio headquarters. She didn't know how long the unit would be shut. There were no injuries and no effect on the surrounding community, Simpson said.
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