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Monday, October 26, 2015 9:35:39 AM
It is anticipated that the Board of Directors of NTI's general partner will delegate to its Conflicts Committee the authority to consider and respond to the proposal and that the Conflicts Committee will engage its own independent legal and financial advisors in connection with considering the proposal. The Board of Directors of the general partner of NTI caution the unitholders of NTI and others considering trading in the securities of NTI, that the Board of Directors of the general partner of NTI has just received the proposal and no decisions have been made by the Board of Directors or its Conflicts Committee with respect to the response of NTI to the proposal. There can be no assurance that any agreement will be executed, or that any transaction will be approved or consummated.
The proposed transaction is subject to the negotiation and execution of a definitive agreement and approval of mutually acceptable definitive documentation, and approval by the NTI Conflicts Committee, Western's board of directors and the common unitholders of NTI. There can be no assurance that any such approvals will be forthcoming, that a definitive agreement will be executed or that any transaction will be consummated.
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