WILMINGTON, Del.--(BUSINESS WIRE)--
Rigrodsky & Long, P.A.:
- Do you own shares of Western Refining, Inc. (NYSE: WNR)?
- Did you purchase any of your shares prior to November 17, 2016?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Western Refining, Inc. (“Western Refining” or the “Company”) (NYSE: WNR) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Tesoro Corporation (“Tesoro”) (NYSE: TSO), in a transaction valued at approximately $6.4 billion.
Click here to learn more: http://rigrodskylong.com/investigations/western-refining-inc-wnr.
Under the terms of the agreement, shareholders of Western Refining can elect to receive 0.4350 shares of Tesoro for each share of Western Refining stock they own, or $37.30 in cash per share.
The investigation concerns whether Western Refining’s board of directors failed to adequately shop the Company and obtain the best possible value for Western Refining shareholders before entering into an agreement with Tesoro.
If you own the common stock of Western Refining and purchased your shares before November 17, 2016, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to [email protected], or at: http://rigrodskylong.com/investigations/western-refining-inc-wnr.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
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