Hess Corp. (NYSE: HES) is up a quick 5% following news it is selling its U.S. terminal network and exit refining business.

Mergers and Acquisitions Trader Talk

Hess (HES) Looks to Exit Terminals, Sell Refinery in Transition to E&P CompanyJanuary 28, 2013 11:05 AM Hess (HES) Receives Hart-Scott-Rodino Notification Notice from Elliott AssociatesJanuary 28, 2013 8:42 AM Hess (HES) to Sell U.S. Terminal Network; Taps Goldman to AdviseJanuary 28, 2013 8:31 AM