FEMSA To Acquire Delek US Retail For $385M In Cash, Including Inventory Purchase; Transaction Expected To Close Late Q3 Or Q4 2024
Portfolio Pulse from Benzinga Newsdesk
FEMSA is set to acquire Delek US Retail for $385 million in cash, including inventory purchase. The transaction is expected to close in late Q3 or Q4 of 2024.
August 01, 2024 | 12:33 pm
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Delek US Holdings (DK) is being acquired by FEMSA for $385 million in cash, including inventory purchase. The transaction is expected to close in late Q3 or Q4 of 2024.
The acquisition by FEMSA is likely to positively impact Delek US Holdings' stock price in the short term due to the premium typically associated with acquisition deals. The cash nature of the deal and the inclusion of inventory purchase further solidify the financial benefits for DK.
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