Tesoro (TLLP) Deal With Western Refining (WNRL) Makes Sense - Citigroup

Citi Buy Tesoro Logistics (NYSE: TLLP)

Analyst Faisel Khan analyzed a deal between Tesoro Logistics (NYSE: TLLP) and Western Refining Logistics (NYSE: TLLP) and came away saying "We believe a scenario where TLLP acquires WNRL in a unit for unit exchange with a buyout of both IDRs for additional TLLP units creates the most value for all key stakeholders. A transaction would improve the cost of capital for TLLP, accelerate the path to investment grade and simplify the investor story for both TLLP and TSO."

For an analyst ratings summary and ratings history on Tesoro Logistics click here. For more ratings news on Tesoro Logistics click here.

Shares of Tesoro Logistics closed at $58.69 Friday.

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