Cases
Western Refining Logistics, LP (NYSE: WNRL)
Securities Class Action
Overview
Overview
- Date:
- 8/17/2017
- Company Name:
- Western Refining Logistics, LP
- Stock Symbol:
- WNRL
- Status:
- Closed/Complete
NEW YORK, August 17, 2017 – Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Western Refining Logistics, LP (NYSE: WNRL) stockholders concerning the proposed acquisition of the company by Andeavor Logistics (NYSE: ANDX).
The investigation concerns whether Western Refining Logistics’ board of directors failed to adequately shop the Company and obtain the best possible value for WNRL stockholders before entering into a definitive merger agreement with Andeavor Logistics. Under the terms of the agreement, WNRL unitholders will receive an exchange ratio of 0.5233 ANDX common units for each WNRL common unit held, a value of $25.28 per share based on ANDX’s closing price on August 11, 2017. This reflects a premium of just 6.4% over WNRL’s closing price on August 11, 2017.
If you own WNRL shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The investigation concerns whether Western Refining Logistics’ board of directors failed to adequately shop the Company and obtain the best possible value for WNRL stockholders before entering into a definitive merger agreement with Andeavor Logistics. Under the terms of the agreement, WNRL unitholders will receive an exchange ratio of 0.5233 ANDX common units for each WNRL common unit held, a value of $25.28 per share based on ANDX’s closing price on August 11, 2017. This reflects a premium of just 6.4% over WNRL’s closing price on August 11, 2017.
If you own WNRL shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.