On or around 05/16/2017 (Other)
Filing Date: January 04, 2017
According to the law firm press release, pursuant to the terms of the Merger Agreement, Western stockholders will receive $37.30 per share of Western stock (the "Merger Consideration"). Western shareholders will have the option to either receive 0.4350 shares of Tesoro or cash for each share of Western stock. The complaint alleges that this offer is inadequate and alleges that the Registration Statement in Form S-4 (the "Proxy") provides materially incomplete and misleading information about the Company's financials and the transaction, in violation of Sections 14(a), and 20(a) of the Exchange Act.
This case was voluntarily dismissed on March 20, 2017.
Company & Securities Information
Defendant: Western Refining, Inc.
Industry: Oil & Gas Operations
Headquarters: United States
Ticker Symbol: WNR
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Srini Vasan, et al. v. Western Refining, Inc., et al.