An investigation on behalf of investors of Western Refining, Inc. (NYSE:WNR) in connection with the proposed takeover was announced and NYSE:WNR stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 11/22/2016 --An investigation on behalf of investors, who currently hold shares of Western Refining, Inc. (NYSE:WNR), was announced concerning whether the takeover of Western Refining, Inc. by Tesoro Corporation for a value of approximately 37.50% per share is unfair to NYSE:WNR stockholders.

Investors who purchased shares of Western Refining, Inc. (NYSE:WNR) and currently hold any of those NYSE:WNR shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain officers and directors of Western Refining, Inc. breached their fiduciary duties owed to NYSE:WNR investors in connection with the proposed acquisition.

On November 17, 2016 - Tesoro Corporation (NYSE:TSO) and Western Refining, Inc. (NYSE:WNR) announced an agreement under which Tesoro will acquire Western Refining, Inc. (NYSE:WNR) at an implied current price of $37.30 per Western Refining, Inc. (NYSE:WNR) share in a stock transaction, representing an equity value of $4.1 billion based on Tesoro's closing stock price of $85.74 on November 16, 2016.

However, the investigation concerns whether the offer is unfair to NYSE:WNR stockholders. More specifically, the investigation concerns whether the Western Refining Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Shares of Western Refining, Inc. (NYSE:WNR) closed on November 21, 2016 at $36.62 per share.

Those who are current investors in Western Refining, Inc. shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com