- Western Refining (NYSE:WNR) is set to gain control of Northern Tier Energy (NYSE:NTI) via a purchase of a 38.7% stake in NTI owned by P-E firms TPG and Acon Investments for ~$775M, WSJ reports; as part of the deal, WNR would get 100% of the general partner that controls NTI.
- It is unclear how much WNR is paying per ownership unit, but it appears to be a discount to NTI's current market price.
- NTI -7.1% AH.