Holly Corp. (HOC) and Holly Energy Partners (HEP) Jointly Announce UNEV Pipeline's Acquisition of Musket Corp. for $9.8M

July 21, 2008 8:01 AM EDT

In a Form 8-K last week, Holly Corp. (NYSE: HOC) and Holly Energy Partners (NYSE: HEP) jointly announced UNEV Pipeline's acquisition of Musket Corp.'s terminal and rail facilities located near Cedar City, Utah.

The terminal is operational and will begin to be operated immediately by Holly Energy Partners — Operating, L.P., an affiliate of Holly Energy Partners, L.P. The purchase price for this transaction is $9.8 million.

Holly Corporation and its subsidiaries operate as a petroleum refiner in the United States.


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