The following corporate finance-related stories were reported by media: * Royal Bank of Scotland (RBS) is in talks to sell a shipping loan worth close to $800 million as part of moves to scale down exposure to the seaborne industry, sources familiar with matter said on Monday.* Western Refining Inc is close to buying a controlling stake in Northern Tier Energy LP for about $775 million to capitalize on rising U.S. oil production, the Wall Street Journal reported, citing people familiar with the matter.
Northern Tier Energy LP, formerly Northern Tier Energy, Inc. Shares of NTI traded higher by 2.6% or $0.59/share to $23.26. In the past year, the shares have traded as low as $17.83 and as high as $33.24. On average, 1360890 shares of NTI exchange hands on a given day and today's volume is recorded at 1179062.
Western Refining, Inc. (WNR) is an independent crude oil refiner and marketer of refined products and also operates service stations and convenience stores. Shares of WNR traded higher by 2.03% or $0.66/share to $33.10. In the past year, the shares have traded as low as $24.39 and as high as $39.42. On average, 1235810 shares of WNR exchange hands on a given day and today's volume is recorded at 767289.
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