Key Developments: Western Refining Inc (WNR)
30.05USD
19 Jun 2013
$-0.60 (-1.96%)
$30.65
$30.51
$30.77
$30.04
1,113,389
1,884,946
$39.42
$20.48
Latest Key Developments (Source: Significant Developments)
Western Refining Inc Announces $200 Million Share Repurchase Program; Declares Second Quarter Dividend Of $0.12 Per Share
Western Refining Inc announced that its Board of Directors has authorized a $200 million share repurchase program. This program is in addition to the $200 million share repurchase program approved by the Board of Directors in July 2012. Under the July 2012 program, the Company has completed the repurchase of approximately 6.77 million shares of its common stock at a cost of approximately $199.5 million through April 5, 2013. Share repurchases may be made from time-to-time through open market transactions, block trades, privately negotiated transactions or otherwise and are subject to market conditions, as well as corporate, regulatory, and other considerations. The share repurchase programs may be discontinued at any time by the Board of Directors. Additionally, the Company's Board of Directors approved a cash dividend of $0.12 per share for the second quarter of 2013. The dividend will be paid on May 8, 2013, to shareholders of record at the close of market on April 23, 2013. Full Article
Western Refining Inc Announces $0.12 Per Share First Quarter Dividend
Western Refining Inc announced its Board of Directors approved a $0.12 per share dividend for the first quarter of 2013. The dividend will be paid on February 14, 2013, to shareholders of record on January 30, 2013. Full Article
Western Refining Inc Declares Special Dividend Of $1.50 Per Share
Western Refining Inc announced that on December 10, 2012, its Board of Directors declared a special cash dividend in the amount of $1.50 per share, payable on December 28, 2012, to shareholders of record at the close of market on December 21, 2012. Full Article
Western Refining Inc Declares Special Dividend Of $1.00 Per Share
Western Refining Inc announced that its Board of Directors declared a special cash dividend in the amount of $1.00 per share of common stock, payable on December 7, 2012, to shareholders of record at the close of market on November 19, 2012. Full Article
Western Refining Inc Declares Dividend
Western Refining Inc announced that on October 16, 2012, its Board of Directors approved a cash dividend of $0.08 per share of common stock for the fourth quarter of 2012. The dividend will be paid on November 9, 2012, to shareholders of record at the close of market on October 26, 2012. Full Article
Western Refining Inc's Subsidiary and Glencore International PLC's Subsidiary Enter Into Commercial Supply Agreement
Western Refining Inc and Glencore International PLC announced that two of their subsidiary companies, (York River Fuels, LLC and Glencore LTD) have entered into a long-term commercial supply and trading agreement. Glencore has agreed to provide global sourcing, supply and trading, and inventory and risk management services to support York River's mid-Atlantic wholesale business. In return, York River has agreed to provide rack marketing and contract and credit management. York River and Glencore have agreed to expand the wholesale business beyond the current mid-Atlantic region by adding additional storage and terminal capability. Glencore has entered into a long-term commitment with Epic Terminals at its Savannah, Georgia terminal. The Savannah terminal includes over 450,000 bbls of storage capacity for various grades of gasoline, distillates, ethanol, bio fuels and fuel blends. The terminal will enable the two companies to expand their wholesale capabilities and provide fuel products to their customers from southern Georgia to northern Maryland. Full Article
Carl Icahn Pulls Offer For Rest Of CVR Energy Inc; Names Western Refining, Inc. And Other As Possible Buyers-Reuters
Reuters reported that Carl Icahn has withdrawn his $29-per-share offer to buy the remaining shares of CVR Energy Inc that he does not already own. Icahn, who controls about 82% of CVR's outstanding shares, acknowledged in a letter to CVR filed with securities regulators that he had been unwilling to consider paying more than $30 per share as of August 6. Icahn, who got control of CVR through a $30 per share tender offer, earlier tried to find a buyer for CVR, insisting he would not settle for an offer below $35 per share in cash. He had named Valero Energy Corp., Western Refining, Inc., HollyFrontier Corp, Tesoro Corp , and Marathon Petroleum Corporation as possible buyers. Full Article
Western Refining, Inc. Announces $200 Million Stock Repurchase Program And Increases Dividend
Western Refining, Inc. announced that its Board of Directors has authorized a share repurchase program of up to $200 million. The share repurchases may be made from time-to-time through open market transactions, block trades, privately negotiated transactions or otherwise and are subject to market conditions, as well as corporate, regulatory, and other considerations. This share repurchase program may be discontinued at any time by the Board of Directors. Additionally, the Company's Board of Directors approved a cash dividend of $0.08 per share of common stock for the third quarter of 2012. The dividend will be paid on August 13, 2012, to shareholders of record at the close of market on July 27, 2012. Full Article
Western Refining, Inc. Declares Dividend of $0.04 Per Share
Western Refining, Inc. announced that its Board of Directors has approved a cash dividend of $0.04 per share of common stock for the second quarter of 2012. The dividend will be paid on May 14, 2012, to shareholders of record at the close of market on April 19, 2012. Full Article
Western Refining, Inc. Declares Dividend Of $0.04 Per Share
Western Refining, Inc. announced that its Board of Directors has approved a cash dividend of $0.04 per share of common stock for the first quarter of 2012. The dividend will be paid on February 13, 2012, to shareholders of record at the close of market on January 19, 2012. Full Article
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