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Is Imperial Oil building a war chest for deals? Add to ...

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Imperial Oil Ltd.’s service stations fetched far more in proceeds than any outsider had predicted. Now the question is, what will the oil company do with all that money?

The company unloaded the 497 Esso gas stations to five separate buyers across the country for $2.8-billion. That’s two to four times higher than many analysts had predicted when Imperial put them on the block more than a year ago.

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