OLD GREENWICH, Conn., June 15 /PRNewswire-FirstCall/ -- Premcor Inc.
(NYSE: PCO) today announced that it has filed a resale registration statement
on Form S-3 with the Securities and Exchange Commission registering 15,000,000
shares of Premcor common stock. All of the shares of common stock being
registered are currently owned by affiliates of The Blackstone Group L.P.
("Blackstone").
Premcor will not receive any proceeds from any sale of the shares of
common stock being registered. Premcor filed the registration statement in
response to a request from Blackstone pursuant to an existing registration
rights agreement. The shares may not be sold by Blackstone until a lock-up
agreement expires on July 19, 2004. Registration of the shares does not mean,
however, that those shares necessarily will be offered or sold.
A registration statement relating to these shares has been filed with the
Securities and Exchange Commission, but has not yet become effective. These
shares may not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these shares in any state in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any state.
Premcor Inc. is one of the largest independent petroleum refiners and
marketers of unbranded transportation fuels and heating oil in the United
States.
SOURCE Premcor Inc.
 back to top
Related links:
http://www.premcor.com
CONTACT:
Media-Investors, Karyn Ovelmen of Premcor
Inc., +1-203-698-5669
|
