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Monday, October 26, 2015 7:33:09 AM
Western Refining offers to buy Northern Tier Energy for ~$2.52B
Oct 26 2015, 07:28 ET | By: Carl Surran, SA News Editor [Contact this editor with comments or a news tip]
Western Refining (NYSE:WNR) says it has offered to buy the shares of Northern Tier Energy (NYSE:NTI) it does not already own in a deal that values the refiner at ~$2.52B.
WNR, which currently has a ~38% stake in NTI, says it has offered $17.50 in cash and 0.2266 of its share for each NTI unit.
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