BP (LSE: BP) has agreed to sell its Carson, Calif. refinery and related logistics and marketing assets in the region to Tesoro Corp. (NYSE: TSO) for $2.5 billion in cash. www.bp.com
BP (LSE: BP) has agreed to sell two gas processing plants in Texas to Eagle Rock Energy Partners (Nasdaq: EROC) for $227.5 million in cash. The plants are located in Sunray and Hemphill, Texas.
Nippon Steel (Tokyo: 5401) has agreed to acquire half of the Asia and U.S. coated products business of Australia’s BlueScope Steel (ASX: BSL), for US$540 million via a joint venture.
VanceInfo Technologies Inc. (NYSE: VIT) and HiSoft Technology International (Nasdaq: HSFT) have agreed to merge, with shareholders of each company owning around 50% of the combined entity. Both companies are based in China and focus on IT outsourcing.
Colt Technology Services, a subsidiary of Colt Group (LSE: COLT), has acquired ThinkGrid, a British provider of a control panel platform for offering cloud services. No financial terms were disclosed. ThinkGrid backers had included Runa Capital. www.thinkgrid.co.uk
Research in Motion (TSX: RIM) is seeking to sell cloud services unit NewBay, according to Reuters. RIM bought NewBay for around $100 million last October. No word on how much RIM is seeking.
Julius Baer has agreed to acquire the non-U.S. private bank business of Merrill Lynch from Bank of America for approximately $882 million. www.juliusbaer.com
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