October 31, 2016 / 2:32 PM / a year ago

BUZZ-HollyFrontier: Up on deal to buy Suncor's Petro-Canada lubricants unit

** Refiner HollyFrontier’s shares up 4.4 pct on $844 mln-deal to buy Suncor Energy’s Petro-Canada lubricants unit

** Suncor’s U.S.-listed shares down 2 pct, on course for their biggest one-day pct drop since mid-Sept

** Trading in both stocks on low side: about 1 mln HFC shares traded vs. 10-DMA of 3 mln; 0.6 mln SU shares change hands vs 10-DMA of 4.3 mln

** Reuters reported on the possibility of a deal on Oct. 21

** Since then HFC had gained 2 pct up to Friday’s close, while SU had increased 5 pct

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