Faruqi & Faruqi, LLP Announces the Investigation of Northern Tier Energy LP (NTI) Over the Proposed Sale of the Company to Western Refining, Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Northern Tier Energy LP (“Northern Tier” or the “Company”) (NYSE:NTI) for potential breaches of fiduciary duties in connection with the sale of the Company to Western Refining, Inc. for approximately $1.82 billion.
The Company’s stockholders will only receive $15.00 in cash and 0.2986 shares of Western Refining common stock for each share of Company common stock they own, or approximately $25.99 per share. However, the offer is below at least one analyst’s price target of $34.00 per share.
If you own common stock in Northern Tier and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.
* The submission of this form does not create an attorney-client relationship.
Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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