HF

HF Sinclair Corporation Completes Acquisition of Holly Energy Partners, L.P.

Retrieved on: 
Friday, December 1, 2023

HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) today announced the completion of the transactions contemplated by the previously announced Agreement and Plan of Merger, pursuant to which HF Sinclair acquired all of the outstanding common units (“HEP Common Units”) representing limited partner interests in Holly Energy Partners, L.P. (“HEP”) not already owned by HF Sinclair and its subsidiaries, for a combination of 0.3150 of a share of HF Sinclair common stock and $4.00 in cash, without interest, per HEP Common Unit.

Key Points: 
  • HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) today announced the completion of the transactions contemplated by the previously announced Agreement and Plan of Merger, pursuant to which HF Sinclair acquired all of the outstanding common units (“HEP Common Units”) representing limited partner interests in Holly Energy Partners, L.P. (“HEP”) not already owned by HF Sinclair and its subsidiaries, for a combination of 0.3150 of a share of HF Sinclair common stock and $4.00 in cash, without interest, per HEP Common Unit.
  • The merger of HEP with a subsidiary of HF Sinclair became effective upon the filing of the certificate of merger with the Secretary of State of the State of Delaware, which occurred today.
  • As a result of the transaction, HEP Common Units will no longer be listed on the New York Stock Exchange, and HEP will cease to be a publicly traded partnership.
  • We believe the closing of this transaction further advances our strategy of integrating and optimizing our assets as a combined company under HF Sinclair.”

HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Expiration and Final Results of Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers

Retrieved on: 
Thursday, November 30, 2023

The settlement date of the Exchange Offers and Consent Solicitations (the “Settlement Date”) is expected to occur on or about December 4, 2023.

Key Points: 
  • The settlement date of the Exchange Offers and Consent Solicitations (the “Settlement Date”) is expected to occur on or about December 4, 2023.
  • Each series of New Notes will have substantially identical interest rate, interest payment dates, maturity date and redemption terms as the corresponding series of HEP Notes.
  • The complete terms and conditions of the Exchange Offers and Consent Solicitations are described in the Exchange Offer Memorandum.
  • Questions concerning the terms of the Exchange Offers or the Consent Solicitations should be directed to the lead dealer managers for the Exchange Offers and the solicitation agents for the Consent Solicitations:

HF Sinclair Corporation Stockholders and Holly Energy Partners, L.P. Unitholders Approve Merger Transaction

Retrieved on: 
Tuesday, November 28, 2023

HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (“HEP”) (NYSE: HEP) announced that at a special meeting of HEP unitholders (the “HEP Special Meeting”) and a special meeting of HF Sinclair stockholders (the “HF Sinclair Special Meeting”), each held today, (i) HEP unitholders voted to approve the previously announced Agreement and Plan of Merger (as the same may be amended or supplemented from time to time, the “Merger Agreement”), dated as of August 15, 2023, by and among HF Sinclair, Navajo Pipeline Co., L.P., Holly Apple Holdings LLC (“Merger Sub”), HEP Logistics Holdings, L.P., Holly Logistic Services, L.L.C.

Key Points: 
  • HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (“HEP”) (NYSE: HEP) announced that at a special meeting of HEP unitholders (the “HEP Special Meeting”) and a special meeting of HF Sinclair stockholders (the “HF Sinclair Special Meeting”), each held today, (i) HEP unitholders voted to approve the previously announced Agreement and Plan of Merger (as the same may be amended or supplemented from time to time, the “Merger Agreement”), dated as of August 15, 2023, by and among HF Sinclair, Navajo Pipeline Co., L.P., Holly Apple Holdings LLC (“Merger Sub”), HEP Logistics Holdings, L.P., Holly Logistic Services, L.L.C.
  • and HEP, and the transactions contemplated thereby, including the merger of Merger Sub with and into HEP, with HEP surviving as an indirect wholly owned subsidiary of HF Sinclair (the “Merger”), at the HEP Special Meeting and (ii) HF Sinclair stockholders voted to approve the issuance of shares of common stock, par value $0.01 per share, of HF Sinclair (the “Stock Issuance”) pursuant to the Merger Agreement at the HF Sinclair Special Meeting.
  • At the HEP Special Meeting, over 84% of the outstanding HEP common units voted to approve the Merger Agreement and the transactions contemplated thereby, including the Merger.
  • At the HF Sinclair Special Meeting, over 99% of the votes cast by the HF Sinclair stockholders entitled to vote at the HF Sinclair Special Meeting voted to approve the Stock Issuance.

Cyberlux Corporation (OTC: CYBL) Releases Third Quarter 2023 Financial and Operational Results; Announces Transformative Actions to Refocus the Company on the Defense Technology Sector

Retrieved on: 
Tuesday, November 21, 2023

Our operating period ended September 30, 2023, has set the stage for the Company to capitalize on remarkable opportunities across the global Defense Technology markets.

Key Points: 
  • Our operating period ended September 30, 2023, has set the stage for the Company to capitalize on remarkable opportunities across the global Defense Technology markets.
  • Our work to remove the CE designation continues, but the Company is driving breakthrough results regardless of these temporary obstacles.
  • As the Company develops advanced technology products, we will identify core technology and product companies, and these companies will become the Cyberlux growth catalysts.
  • As the results show, Cyberlux is building a global enterprise and developing into a leading technology growth company.

HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Results of Early Participation in Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers and Extension of the Early Participation Exchange Consideration

Retrieved on: 
Tuesday, November 14, 2023

Eligible Holders (as defined below) may no longer withdraw tendered HEP Notes or revoke consents, except as required by applicable law.

Key Points: 
  • Eligible Holders (as defined below) may no longer withdraw tendered HEP Notes or revoke consents, except as required by applicable law.
  • Currently, this is the same time and date as the Expiration Date (as defined below) for the Exchange Offers and Consent Solicitations.
  • In addition, HF Sinclair may amend the terms of any Exchange Offer without amending the terms of any other Exchange Offer.
  • Questions concerning the terms of the Exchange Offers or the Consent Solicitations should be directed to the dealer managers for the Exchange Offers and the solicitation agents for the Consent Solicitations:

HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Results of Early Participation in Exchange Offers and Consent Solicitations for Outstanding Notes of the HEP Issuers and Extension of the Early Participation Exchange Consideration

Retrieved on: 
Tuesday, November 14, 2023

Eligible Holders (as defined below) may no longer withdraw tendered HEP Notes or revoke consents, except as required by applicable law.

Key Points: 
  • Eligible Holders (as defined below) may no longer withdraw tendered HEP Notes or revoke consents, except as required by applicable law.
  • Currently, this is the same time and date as the Expiration Date (as defined below) for the Exchange Offers and Consent Solicitations.
  • In addition, HF Sinclair may amend the terms of any Exchange Offer without amending the terms of any other Exchange Offer.
  • Questions concerning the terms of the Exchange Offers or the Consent Solicitations should be directed to the dealer managers for the Exchange Offers and the solicitation agents for the Consent Solicitations:

Marine Onboard Communication and Control Systems Market worth $12.3 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, December 18, 2023

The marine control systems market is driven by vessel modernization efforts; the need for enhanced efficiency and safety propels the adoption of various control systems for propulsion, navigation, and automation.

Key Points: 
  • The marine control systems market is driven by vessel modernization efforts; the need for enhanced efficiency and safety propels the adoption of various control systems for propulsion, navigation, and automation.
  • The Marine Onboard Communication and Control Systems market encompasses a type, platform, and end-user that leverages these benefits.
  • Based on the type, the control systems segment is estimated to lead the Marine Onboard Communication and Control Systems industry from 2023 to 2028.
  • To meet the regulatory compliance the navies are adopting various propulsion control systems, engine control and monitoring systems which drive the marine control systems market.

Marine Onboard Communication and Control Systems Market worth $12.3 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, December 18, 2023

The marine control systems market is driven by vessel modernization efforts; the need for enhanced efficiency and safety propels the adoption of various control systems for propulsion, navigation, and automation.

Key Points: 
  • The marine control systems market is driven by vessel modernization efforts; the need for enhanced efficiency and safety propels the adoption of various control systems for propulsion, navigation, and automation.
  • The Marine Onboard Communication and Control Systems market encompasses a type, platform, and end-user that leverages these benefits.
  • Based on the type, the control systems segment is estimated to lead the Marine Onboard Communication and Control Systems industry from 2023 to 2028.
  • To meet the regulatory compliance the navies are adopting various propulsion control systems, engine control and monitoring systems which drive the marine control systems market.

Tactical Radio Market is Forecast to Reach US$ 7.7 Billion in 2028, Says Stratview Research.

Retrieved on: 
Monday, December 11, 2023

DETROIT, Dec. 11, 2023 /PRNewswire/ -- Stratview Research, a global market research firm has launched a report on the tactical radio market which provides a comprehensive analysis of the global and regional industry forecast, current & emerging trends, segment analysis, and competitive landscape.

Key Points: 
  • Based on product type- The market is classified as fixed tactical radios and deployed tactical radios.
  • The report suggests that North America is likely to maintain its supremacy in the tactical radio market throughout the forecast period.
  • Concurrently, Asia Pacific is expected to witness the fastest growth in the global tactical radio market during the forecast period.
  • For Customization or Any Other Queries, Get in Touch with Our Industry Experts at [email protected]
    Top 10 Companies in the Tactical Radio Market?

Tactical Radio Market is Forecast to Reach US$ 7.7 Billion in 2028, Says Stratview Research.

Retrieved on: 
Monday, December 11, 2023

DETROIT, Dec. 11, 2023 /PRNewswire/ -- Stratview Research, a global market research firm has launched a report on the tactical radio market which provides a comprehensive analysis of the global and regional industry forecast, current & emerging trends, segment analysis, and competitive landscape.

Key Points: 
  • Based on product type- The market is classified as fixed tactical radios and deployed tactical radios.
  • The report suggests that North America is likely to maintain its supremacy in the tactical radio market throughout the forecast period.
  • Concurrently, Asia Pacific is expected to witness the fastest growth in the global tactical radio market during the forecast period.
  • For Customization or Any Other Queries, Get in Touch with Our Industry Experts at [email protected]
    Top 10 Companies in the Tactical Radio Market?