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TOSCO ANNOUNCES PUBLIC OFFERING OF 2.6 MILLION COMMON STOCK SHARES

 STAMFORD, Conn., Nov. 23 /PRNewswire/ -- Tosco Corporation today announced the public offering of 2,600,000 shares of its common stock through an underwriting group led by Morgan Stanley & Co. Incorporated. The Company has also granted the underwriters an option to purchase up to 390,000 additional shares. The purchase price was $30.75 per share.
 It is anticipated the net proceeds will be used in Tosco's acquisition of British Petroleum's petroleum refining and retail marketing assets located in the states of Washington and Oregon, or for general corporate purposes.
 Tosco Corporation is an independent refiner that processes and markets over 400,000 barrels per day of petroleum products, with operations on both the East and West Coasts of the United States.
 -0- 11/23/93
 /CONTACT: Jefferson F. Allen or Daniel P. Mulderry, both of Tosco, 203-977-1000/
 (TOS)


CO: Tosco Corporation ST: Connecticut IN: OIL SU: OFR

LG -- NY040 -- 7238 11/23/93 11:42 EST
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Publication:PR Newswire
Date:Nov 23, 1993
Words:157
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