Wednesday, May 18, 2011

Western Refining Soars On Takeover Chatter

Shares of Western Refining Inc. (NYSE: WNR) soared as much as 7% on Wednesday on speculation that the company could be a takeover target. The company operates as an independent crude oil refiner and marketer of refined products in Texas, Arizona, New Mexico, Utah, Colorado, and the Mid-Atlantic region. The company operates in three groups: Refining group, Retail group, and Wholesale group.Stay tuned for more.

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