Hess Corp., the oil company that settled a proxy fight with Paul Singer’s Elliott Management Corp. earlier this year, agreed to sell terminals on the U.S. East Coast and in St. Lucia to Buckeye Partners LP for $850 million in cash.

The purchase includes 20 terminals that can hold a total of 39 million barrels of petroleum products, Houston-based Buckeye Partners said in a statement today. The transaction includes a multiyear commitment from Hess for storage and throughput on the network.

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