Western Refining Offers to Buy Northern Tier
Oil refiner Western Refining Inc said it has offered to buy the shares of Northern Tier Energy LP it does not already own.
Western Refining, which currently has a stake of about 38 percent in Northern Tier, said it has offered $17.50 in cash and 0.2266 of its share for each Northern Tier unit.
Reporting by Amrutha Gayathri