HF Sinclair Has Agreed To Acquire Holly Energy Partners; 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
Portfolio Pulse from Benzinga Newsdesk
HF Sinclair (DINO) has agreed to acquire Holly Energy Partners (HEP) in a deal that includes a fixed exchange ratio of 0.315 of HF Sinclair common stock and $4.00 in cash for each publicly held HEP common unit.
August 16, 2023 | 11:29 am
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POSITIVE IMPACT
HF Sinclair's acquisition of Holly Energy Partners could potentially increase its market share and diversify its portfolio.
Acquisitions often lead to an increase in market share and diversification of portfolio. This could potentially lead to an increase in HF Sinclair's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Holly Energy Partners' shareholders could benefit from the acquisition deal through the fixed exchange ratio and cash payment.
The acquisition deal includes a fixed exchange ratio of HF Sinclair common stock and cash payment for each HEP common unit. This could potentially lead to an increase in HEP's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100