I believe Mr. Lamp will be moving into a higher level executive position at WNR down south with a big raise and bonus. I'm sure other NTI management will also find more lucrative positions and higher pay packages in the combined company for their roles in selling out NTI shareholders.
I hope Karma bites them all in the behind.
Ditto. WNR had enough time to line all their ducks in rows since they became the General Partner. Still would like to see what "golden parachutes" NTIs execs reaped on this deal......
In the twisted greedy minds of WNR and NTI management the deal is already done. If there is a distribution for 2nd quarter I suspect it will be no greater than the .38 that WNR shareholders get. They will find all sorts of reasons to hold back or limit the distribution for capex projects or revaluing inventory.
I understand your angst and feel your pain ctsilber, that's why I sold the last of my 7000 shares in January at $25.00. Its criminal what WNR and the management of NTI is doing to NTI limited partners but the deal is going to happen no matter how you vote. WNR has too large of a share of ownership of NTI and they have the support of Goldman Sachs and probably other large bank institutions to force this deal forward.
The deal smells worse than a dead roadkill skunk but it is going to happen.
In the meantime, all we've seen is the NTI dividend drop so as to match that of WNR and WNR stock drop which in turn has dropped NTI stock. VOTE NO!!!
On the WNR board, I've seen numerous posts about a major reason why WNR stock should go up - the acquisition steal of NTI. VOTE NO!!! Don't let these crooks steal your stock.
The release mentions the date will be June 23, 2016 to vote on NTI acquisition. My question, who will get the second quarter dividend? I have seen companies acquire another right before the end of a quarter, and no quarterly dividend is ever declared or paid. I bet WNR will not pay the 2nd quarter dividend and will keep proceeds, since no liability exist, since 2nd quarter dividend will never be declared.
Oh, my, my "sarcastic" my foot... If you had him in front of you, you would shoot his sorry butt to teach him not to shift letters.....
Sorry must have been a senior moment. I mistyped "nti" I have monthly dividend stocks your correct nti is not one of them. My mistake. I stand corrected
I never knew NTI paid a monthly dividend. I know they pay a quarterly distribution...and yes I am being very sarcastic. Are you sure you're talking about Northern Tier Energy Partners since you wrote NIT. If you are talking about NTI you have no clue about your investment.