Buckeye Partners Pays $1.36B For Bahamas Oil Refining Co.

Pipeline operator Buckeye Partners will buy an 80% stake in Bahamas Oil Refining Co. from private equity firm First Reserve Corp., in a deal valued at $1.36 billion, Reuters said. Under the terms of the deal, Buckeye will issue about 4.4 million limited partner units of a new class of interests at $57.04 each to First Reserve, Reuters said.

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