NII completed its acquisition of Permian Corp.
- Share via
Pittsburgh-based National Intergroup purchased Permian, one of the largest independent crude oil gathering companies in the United States, for $172 million in common stock and cash. Permian will be operated as a wholly owned subsidiary of NII. Wesray Capital principals and affiliates now own about 9.9% and other former Permian shareholders about 3% of NII’s 23.3 million common shares outstanding. Wesray is controlled by former Treasury Secretary William E. Simon.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
