Northern Tier Energy LP (NTI)

[eastunder]

It is interesting that we haven't heard more on that.

It has been over two weeks since they received the proposal.

http://finance.yahoo.com/news/northern-tier-announces-receipt-buyout-094500036.html

Back then they stated...

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.

And that is the last we heard of it aside from what was mentioned in the CC

http://finance.yahoo.com/news/edited-transcript-nti-earnings-conference-194625992.html

Last week, we reported that the Conflicts Committee of our general partners' Board Of Directors received a non-binding offer from Western Refining to acquire the remaining Northern Tier Limited partner units not already owned by Western Refining. There is no additional information to be provided that's beyond what has been disclosed last week in the press release and in our filings related to the receipt of the offer. There is also no timeline for the proposed review process. We will provide updates on the Western offered in the future as appropriate.

Seems very quiet on the home front.