NEW YORK, Jan. 18, 2017 /PRNewswire/ -- Notice is hereby
given that Monteverde & Associates PC has filed a class action
lawsuit in the United States District Court for Western District of
Texas, case no. 3:17-cv-00002, on
behalf of shareholders of Western Refining, Inc. ("Western " or the
"Company")(NYSE: WNR) who held Western securities and have
been harmed by Western and its board of directors' (the "Board")
alleged violations of Sections 14(a), and 20(a) of the Securities
Exchange Act of 1934 (the "Exchange Act") in connection with the
sale of the Company to Tesoro Corporation ("Tesoro").
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.
If you wish to serve as lead plaintiff, you must move the Court
no later than 60 days from today. Any member of the putative
class may move the Court to serve as lead plaintiff through counsel
of their choice, or may choose to do nothing and remain an absent
class member. If you wish to discuss this action, or have any
questions concerning this notice or your rights or interests,
please contact:
Click here for more information:
www.monteverdelaw.com/investigations. It is
free and there is no cost or obligation to you.
Monteverde & Associates PC is a boutique class action
securities and consumer litigation law firm committed to protecting
shareholders and consumers from corporate wrongdoing.
Monteverde & Associates PC lawyers have significant experience
litigating Mergers & Acquisitions and Securities Class Actions,
whereby they protect investors by recovering money and remedying
corporate misconduct.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. 59th Floor
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Attorney Advertising. (C) 2017 Monteverde & Associates
PC. Prior results do not guarantee a similar outcome with
respect to any future matter.
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SOURCE Monteverde & Associates PC