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Fly News Breaks for October 26, 2015
NTI, WNR
Oct 26, 2015 | 08:54 EDT
After Western Refining (WNR) announced that it was seeking to acquire all remaining publicly held units of Northern Tier (NTI), RBC Capital thinks the deal removes the primary overhang on Western Refining's stock. The firm believes that Northern Tier had been undervalued before the deal. It keeps a Sector Perform rating on Western Refining and an Outperform rating on Northern Tier.
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