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Significados de western refining em inglês
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Uso de western refining em inglês
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Tesoro also acquired a non-controlling stake in WesternRefining Logistics as part of that deal.
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The offer is a 22.3 percent premium to WesternRefining's Wednesday's close.
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WesternRefining also said that Hurricanes Gustav and Ike had a positive impact on margins in the quarter.
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WesternRefining unitholders will receive 0.5233 Andeavor Logistics units for each WesternRefining unit.
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Sunoco Inc SUN.N shut a New Jersey refinery in February and WesternRefining WNR.N shut Virginia refinery last month.
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WesternRefining, which has done its own trading for years, recently spun off its logistics unit into a master limited partnership.
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Since May 1, HollyFrontier's shares have fallen 16 percent, while WesternRefining has dropped 13 percent.
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El Paso, Texas-based WesternRefining Logistics owns crude oil pipelines and gathering assets in the Permian Basin in West Texas and Southern New Mexico.
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WesternRefining shareholders will receive 0.4350 Tesoro share for each share they own, or $37.30 in cash.
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WesternRefining shareholders will get 0.4350 Tesoro shares for each share they own, or $37.30 in cash.
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That refinery was sold by WesternRefining WNR.N to Plains All American PAA.N and will be used as a storage terminal for gasoline and diesel.
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Farther south, an inclement weather contingency plan was also activated at WesternRefining's 59,000-bpd refinery in Yorktown, Virginia, according to spokesman Gary Hanson.
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The deal values each WesternRefining unit at $25.28, representing a premium of 6.4 percent to WesternRefining Logistics' Friday closing price.