Brief: Hf Sinclair Corporation And Holly Energy Partners, L.P. Announce Definitive Merger Agreement

Holly Energy Partners LP

16/08/2023 11:41

Aug 16 (Reuters) - HF Sinclair Corp  DINO.N :
    * HF SINCLAIR CORPORATION AND HOLLY ENERGY PARTNERS, L.P.
ANNOUNCE
DEFINITIVE MERGER AGREEMENT
    * HF SINCLAIR CORP - CONSIDERATION CONSISTS OF HF SINCLAIR
COMMON
STOCK AT A FIXED EXCHANGE RATIO OF 0.315, PLUS $4.00 IN CASH PER
EACH PUBLICLY HELD HEP COMMON UNIT
    * HF SINCLAIR CORP - TRANSACTION EXPECTED TO CLOSE IN Q4 OF
2023
    * HF SINCLAIR CORP - UPON CLOSING OF PROPOSED TRANSACTION,
PARTNERSHIP WILL BE A WHOLLY OWNED SUBSIDIARY OF HF SINCLAIR
    * HF SINCLAIR CORP - PROPOSED TRANSACTION CONSIDERATION
REPRESENTS
ABOUT 2% PREMIUM TO CLOSING PRICE OF HEP'S COMMON UNITS AS OF
AUGUST 15, 2023
    * HF SINCLAIR CORP- EXPECT TRANSACTION TO BE ACCRETIVE TO
EARNINGS
PER SHARE AND AVAILABLE FREE CASH FLOW WITHIN FIRST TWELVE
MONTHS

Source text for Eikon:  ID:nBwyRM4za 
Further company coverage:  DINO.N 

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