NYSE:DINO

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.

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 Commencement of Private Exchange Offers and Consent Solicitations by HF Sinclair Corporation for Outstanding Notes of Holly Energy Partners, L.P. and Holly Energy Finance Corp.

Retrieved on: 
Monday, October 30, 2023

Eligible Holders of HEP Notes that tender such HEP Notes will be deemed to have given consent to the Proposed Amendments (in respect of the applicable series of HEP Notes tendered).

Key Points: 
  • Eligible Holders of HEP Notes that tender such HEP Notes will be deemed to have given consent to the Proposed Amendments (in respect of the applicable series of HEP Notes tendered).
  • Eligible Holders will not be permitted to tender their HEP Notes without delivering consents or to deliver consents without tendering their HEP Notes.
  • A valid withdrawal of tendered HEP Notes will also constitute the revocation of the related consent with respect to the applicable HEP Indenture.
  • In addition, HF Sinclair may amend the terms of any Exchange Offer without amending the terms of any other Exchange Offer.

HF Sinclair Corporation and Holly Energy Partners, L.P. Third Quarter 2023 Earnings Release and Conference Webcast

Retrieved on: 
Wednesday, October 4, 2023

HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (NYSE: HEP) (“HEP”), plan to announce results for the quarter ending September 30, 2023 on November 2, 2023, before the opening of trading on the NYSE.

Key Points: 
  • HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (NYSE: HEP) (“HEP”), plan to announce results for the quarter ending September 30, 2023 on November 2, 2023, before the opening of trading on the NYSE.
  • HF Sinclair and HEP have scheduled a joint webcast conference on November 2, 2023 at 9:30 a.m. Eastern time to discuss financial results.
  • An audio archive of this webcast will be available using the above noted link through November 16, 2023.
  • Holly Energy Partners, L.P., headquartered in Dallas, Texas, provides petroleum product and crude oil transportation, terminalling, storage and throughput services to the petroleum industry, including subsidiaries of HF Sinclair Corporation.

Sinclair Oil Launches Second Year Campaign Supporting Folds of Honor

Retrieved on: 
Thursday, September 28, 2023

SALT LAKE CITY, Sept. 28, 2023 /PRNewswire/ -- Sinclair Oil (Sinclair), an HF Sinclair (NYSE:DINO) brand, today announced a second-year initiative supporting Folds of Honor, a nonprofit organization that helps provide educational scholarships to the families of fallen and disabled service members and first responders. 

Key Points: 
  • SALT LAKE CITY, Sept. 28, 2023 /PRNewswire/ -- Sinclair Oil (Sinclair), an HF Sinclair (NYSE:DINO) brand, today announced a second-year initiative supporting Folds of Honor, a nonprofit organization that helps provide educational scholarships to the families of fallen and disabled service members and first responders.
  • Additionally, Sinclair will donate $3 for every new DINOPAY® app account for the first 35,000 users.
  • All DINOPAY® users will be given the opportunity to donate their 10 cents per gallon DINOPAY® fuel discount to Folds of Honor during the October campaign.
  • Funds raised through Fueling Folds of Honor will support veteran and first responder families in the communities surrounding participating Sinclair locations.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CEQP, CELL, DINO, PRTK

Retrieved on: 
Sunday, August 27, 2023

If you are a Crestwood shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Crestwood shareholder, click here to learn more about your rights and options .
  • If you are a PhenomeX shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CEQP, HEP, DINO, AREN

Retrieved on: 
Thursday, August 17, 2023

If you are a Crestwood shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Crestwood shareholder, click here to learn more about your rights and options .
  • If you are a Holly Energy shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Lifshitz Law PLLC Announces Investigations of DINO, ZYNE, AVID, and CPRI

Retrieved on: 
Thursday, August 17, 2023

Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of AVID to an affiliate of STG for $27.05 per share in cash for each share of AVID common stock owned.

Key Points: 
  • Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of AVID to an affiliate of STG for $27.05 per share in cash for each share of AVID common stock owned.
  • Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of CPRI to Tapestry, Inc. for $57.00 per share in cash for each share of CPRI common stock owned.
  • ATTORNEY ADVERTISING.© 2023 Lifshitz Law PLLC.
  • The law firm responsible for this advertisement is Lifshitz Law PLLC, 1190 Broadway, Hewlett, New York 11557, Tel: (516)493-9780.

HF Sinclair Corporation and Holly Energy Partners, L.P. Announce Definitive Merger Agreement

Retrieved on: 
Wednesday, August 16, 2023

HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (“HEP” or the “Partnership”) (NYSE: HEP) announced today that they have entered into a definitive merger agreement for HF Sinclair to acquire all of the outstanding common units (“Common Units”) of HEP not owned by HF Sinclair or its affiliates in exchange for a combination of common stock, par value $0.01 per share, of HF Sinclair (“Common Stock”) and cash.

Key Points: 
  • HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) and Holly Energy Partners, L.P. (“HEP” or the “Partnership”) (NYSE: HEP) announced today that they have entered into a definitive merger agreement for HF Sinclair to acquire all of the outstanding common units (“Common Units”) of HEP not owned by HF Sinclair or its affiliates in exchange for a combination of common stock, par value $0.01 per share, of HF Sinclair (“Common Stock”) and cash.
  • The Proposed Transaction consideration represents an approximate 2% premium to the closing price of HEP’s Common Units as of August 15, 2023.
  • The Proposed Transaction is expected to close in the fourth quarter of 2023, subject to the approval of HF Sinclair stockholders and HEP unitholders and the satisfaction of certain customary closing conditions.
  • Barclays is acting as financial advisor to HF Sinclair, and Vinson & Elkins L.L.P.