World Point Terminals gets takeout proposal at $16.80/share

|About: World Point Terminals, LP (WPT)|By:, SA News Editor

World Point Terminals (WPT +4.5%) discloses a non-binding offer from 66% shareholder World Point Terminals Inc. to take the company private for $16.80/share, a 2.7% premium to yesterday's closing price.

WPT owns and operates crude oil and refined product storage and terminals located across the U.S.