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POTENTIAL DEAL DETAILS
| Stock | Holly Energy Partners, L.P. | Symbol | HEP |
| Date Announced | 05/04/2023 | Source | Press Release |
| Type | Unsolicited Bid | Acquiring Company/Person | HF Sinclair Corporation |
| Date of Confirmation: | 08/16/2023 | Price at Confirmation: | $22.24 |
| Potential Profit: | 38.74% | Annualized Profit: | 135.96% |
HF Sinclair Corporation (DINO) announced that it has submitted a non-binding proposal to acquire all of the outstanding common units of Holly Energy Partners, L.P. (HEP) not beneficially owned by HF Sinclair or its affiliates in exchange for common stock, par value $0.01 per share, of HF Sinclair.
Under the proposal, HF Sinclair proposes to effect the transaction at a fixed exchange ratio of 0.3714 newly issued shares of Common Stock per each publicly held Common Unit, which was derived using the 30-day volume weighted average prices for each security as of market close on May 3, 2023.
(Announced Pre-Market)
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.