Andeavor unit to buy Western Refining Logistics for $1.5 bln
Aug 14 (Reuters) - U.S. pipeline operator Andeavor Logistics LP said on Monday it would buy rival Western Refining Logistics LP in a deal valued at $1.5 billion.
As part of the deal, Western Refining unitholders will receive 0.5233 Andeavor Logistics units for each Western Refining unit.
The deal values each Western Refining unit at $25.28, representing a premium of 6.4 percent to Western Refining's Friday closing price. (Reporting by John Benny in Bengaluru; Editing by Sai Sachin Ravikumar)