Auburn’s Flyers Energy agrees to $775 million sale to Miami-based World Fuel Services

Auburn-based fuel distributor Flyers Energy Group has agreed to be acquired for $775 million by Miami-based World Fuel Services Corp.

Under the definitive agreement announced Thursday, World Fuel Services will pay $675 million at the closing of the transaction, consisting of cash and up to $50 million in stock, at World Fuel Services’ discretion. The remaining $100 million will be paid in equal installments over two years following the closing of the transaction.

Flyers’ sale will end the local…


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