POSTED: 10:36 a.m. HST, Jul 16, 2014
LAST UPDATED: 11:45 a.m. HST, Jul 16, 2014
The Houston-based owner of the former Tesoro refinery in Kapolei will withdraw from over-the-counter stock market and be listed on the New York Stock Exchange beginning Tuesday.
"Listing on the NYSE ... is a milestone for Par Petroleum," said CEO Will Monteleone in a statement. "I believe that this will heighten our profile in the capital markets and will ultimately allow for a broader shareholder base and increased daily trading liquidity."
The company's ticker symbol will remain PARR.
Par purchased the Kapolei refinery, its distribution network and 31 retail gas stations in June last year.