Seeking Alpha

Northern Tier Energy (NTI)

  • Mon, Oct. 26, 7:28 AM
    • 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.
    • NTI +9.1% premarket.
    | Mon, Oct. 26, 7:28 AM | 78 Comments
Company Description
Northern Tier Energy LP is an independent downstream energy company with refining, retail and pipeline operations that serve the PADD II region of the United States.