HF Sinclair Said On Feb 8 Entered Into A Stock Purchase Agreement With REH Company; Price Per Share To Be Paid By Co Under Agreement Is $56.50 Per Share Resulting In Aggregate Purchase Price Of $60M
Portfolio Pulse from Charles Gross
HF Sinclair entered into a stock purchase agreement with REH Company on Feb 8, agreeing to a purchase price of $56.50 per share, totaling an aggregate purchase price of $60M.
February 09, 2024 | 11:06 am
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HF Sinclair's acquisition of shares from REH Company for $60M could signal strategic growth, impacting investor sentiment.
The acquisition by HF Sinclair (DINO) of REH Company shares for $60M at $56.50 per share indicates a strategic move to expand or consolidate its market position. This could be viewed positively by investors, potentially leading to an increase in stock price in the short term due to perceived growth or strengthening of the company's market position.
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