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Western Refining Inc

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August 29, 2006 | From the Associated Press
Western Refining Inc. said Monday that it was buying Giant Industries Inc. for $1.23 billion in cash, creating the fourth-largest publicly traded independent oil refiner in the U.S. The combined company will have the capacity to handle about 216,000 barrels a day from four refineries. That is about 84% more than Western's current capacity. Western already has a refinery in El Paso, where it is based. The deal will give it an East Coast presence with a refinery in Yorktown, Va.
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BUSINESS
August 29, 2006 | From the Associated Press
Western Refining Inc. said Monday that it was buying Giant Industries Inc. for $1.23 billion in cash, creating the fourth-largest publicly traded independent oil refiner in the U.S. The combined company will have the capacity to handle about 216,000 barrels a day from four refineries. That is about 84% more than Western's current capacity. Western already has a refinery in El Paso, where it is based. The deal will give it an East Coast presence with a refinery in Yorktown, Va.
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BUSINESS
August 29, 2006 | Martin Zimmerman, Times Staff Writer
When Richard Kinder left Enron Corp. 10 years ago, he walked away with a pipeline business that didn't fit into the booming company's vision for building the energy trader of the future. On Monday, the company Kinder and his partners built from Enron's castoffs said it would go private in a buyout valued at $14.6 billion. If approved by shareholders, the acquisition of Houston-based Kinder Morgan Inc.
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