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Fly News Breaks for June 18, 2015
PBF, PBFX
Jun 18, 2015 | 13:33 EDT
After PBF Energy (PBF) announced a deal to acquire the Chalmette Refinery and associated midstream logistics assets, Wells Fargo said the transaction should be positive for PBF Logistics (PBFX) since it increases the parent company's potential drop-down inventory. The firm reiterated its Outperform rating on PBF Logistics.
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