hollyfrontier sinclair merger

!Hollyfrontier is buying 678,000 bpd refinery bigger, than Dangote refinery, plus other logistics , green and marketing assets 100 percent for US$2.6 billion.

Holly acquired the Sunoco and Sinclair refineries in Tulsa, OK, doubling the company's refining capacity and number of employees.

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Under the terms of the HEP transaction, Holly will acquire Sinclair's integrated crude and refined products pipelines and terminal assets, including approximately 1,200 miles of pipelines, eight product terminals and two crude terminals with 4.5 MMbbl of The assets that HollyFrontier and HEP .

With the addition of Sinclair's RD facility, HF Sinclair will become one of the leading US RD producers with renewable production expected to reach 380 million gallons/y of RD. "We believe these transactions with . HollyFrontier said that at the closing of the deal, expected in mid-2022, HollyFrontier shares will covert into shares of HF Sinclair on a one-for-one basis. Commencing at market open on March 15, 2022, HF Sinclair will replace HollyFrontier as the public company trading on the New York Stock Exchange, and will trade under the ticker symbol "DINO" and under the new CUSIP number 403949 100. The new company, HollyFrontier Corp., will . Sinclair's hospitality ranching and upstream oil and gas businesses are not part of this transaction .

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Monday marked what Dallas-based HF Sinclair called a . HollyFrontier Corporation and Holly Energy Partners announced Tuesday that they will acquire Sinclair Oil Corporation and Sinclair Transportation Company. If you own shares of HollyFrontier and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact . on march 14, 2022, effective as of the hfc merger (as defined in the original form 8-k), hollyfrontier corporation ("hollyfrontier") assigned to the company, and the company assumed, all obligations of hollyfrontier under (a) all of hollyfrontier's employee, director, and executive compensation plans pursuant to which hollyfrontier is obligated As agreed, HollyFrontier will acquire Sinclair Oil's branded .

HollyFrontier has entered into a merger agreement with oil refiner Sinclair.

In addition, the combined renewable business is expected to produce around 25,000 bbl/d of renewable diesel. At the closing, existing shares of HollyFrontier will automatically convert on a one-for-one basis into shares of common stock of HF Sinclair, and HF Sinclair will issue approximately 60.2 million .

HollyFrontier announced the merger Tuesday morning during a conference call to discuss its second-quarter earnings with investors and analysts. The announcement comes as fuel demand is gradually recovering from the historic lows of last year due to Covid-19.

Under the HollyFrontier portion of the agreement, HollyFrontier will form a new parent company called "HF Sinclair Corporation."

Sinclair shareholders will receive a 26.75% stake in the new company for $1.8 billion. That's 26.75% of HF Sinclair, valued at $1.8 billion, based on HollyFrontier's closing stock price on July 30 . Pursuant to the merger agreement, HollyFrontier will form a new parent company, named "HF Sinclair Corporation" ("HF Sinclair"), which will replace HollyFrontier as the public company trading on the NYSE. We believe these transactions with Sinclair represent a similar inflection point, marking the beginning of our next chapter as HF Sinclair," said Mike Jennings, Chief Executive Officer of HollyFrontier and .

The merger transaction will result in the creation of a new public holding company, HF Sinclair Corporation (HF Sinclair). Bring your . HollyFrontier Corporation: NYSE:HFC: NYSE: Common Stock Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade : 0.00: 0.0%: 36.39: 0: 01:00:00: Termination of Registration of a Class of Security Under Section 13 and 15(d) (15-15d) 02/05/2022 9:32pm Edgar (US Regulatory) UNITED STATES . The Sinclair Companies, a privately held company that wholly owns Sinclair Oil Corp., announced that it has entered into definitive agreements to combine substantially all of Sinclair Oil's refining, renewable diesel, and logistics assets with those of HollyFrontier Corp. and Holly Energy Partners.

revenue grows by 37% in 2022 and 9% in 2023 with increased capacity from Puget Sound and Sinclair, and. Commencing at market open on March 15, 2022, HF Sinclair will replace HollyFrontier as the public company trading on the New York Stock Exchange, and will trade under the ticker symbol "DINO . HollyFrontier Corporation (NYSE: HFC) 2828 N. Harwood, Suite 1300 Dallas, Texas 75201 (214) 954-6510 www.hollyfrontier.com Craig Biery | Vice President, Investor Relations investors@hollyfrontier . At the closing, existing shares of HollyFrontier will automatically convert on a one-for-one basis into shares of common stock of HF Sinclair, and HF Sinclair will issue approximately 60.2 million .

The purchase price for the HEP transaction will consist of an equity issuance of 21 million HEP common units and the payment of $325 million of .

HF Sinclair (NYSE: DINO), the new parent entity of HollyFrontier, has completed its acquisition of Sinclair Oil. After the acquisition a new company will emerge: HF Sinclair Corporation. HollyFrontier and its affiliate Holly Energy Partners (HEP) have signed agreements to acquire almost all of Sinclair Oil's refining, renewable diesel, and logistics assets for $2.6 billion.

HollyFrontier, which says it is cooperating with FTC staff in the review, continues to expect the Sinclair deal will be completed in mid-2022. DALLAS, July 1, 2011 /PRNewswire/ -- HollyFrontier Corporation today announced the completion of the merger of Holly Corporation and Frontier Oil Corporation . CASPER, Wyo. DINO HF Sinclair Corporation Amended Annual Report (10-k/a) 0000048039FYtrue 0000048039 2021-01-01 2021-12-31 0000048039 2021-06-30 0000048039 2022-02-15 iso4217:USD xbrli:shares UNITED STATES SECURITIES AND EXCHANGE COMMISSI. This also marks the . The purchase price for the HFC transaction will consist of approximately 60.2 million shares of HF Sinclair common stock to Sinclair, representing 26.75% of the pro forma equity of HF Sinclair with a transaction value of approximately $1.8 billion. HollyFrontier will form a new entity named HF Sinclair Corporation, which will feature seven refineries in the Rocky Mountains, Mid-Continent, Southwest and Pacific Northwest regions and will have a combined crude oil processing capacity of 678,000 bbl/d.

Subsidiaries of HollyFrontier produce and market gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products.

As part of the deal, HollyFrontier will form a new parent company, HF Sinclair, and all of its shares will be converted into HF Sinclair common stock.

Independent refiner HollyFrontier and Sinclair Oil are merging, a move that will boost HollyFrontier's Midcontinent footprint as well as its renewable fuels output. revenue grows by just 1% compounded annually from 2024 - 2031, then.

Mr. Damiris was appointed CEO and President of HollyFrontier in January 2016 and has served on the Board of Directors of HollyFrontier since December 2015.

The companies estimated overall value of the proposed HollyFrontier-Sinclair Oil merger at about $1.8 billion based on HollyFrontier's fully diluted shares of common stock outstanding and .

HF Sinclair will then issue 60.2 million shares to Sinclair, the company said.

The deal does not include exploration and production assets owned by Sinclair Oil & Gas, the companies said.

DALLAS, March 14, 2022--HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier") and Holly Energy Partners, L.P. (NYSE: HEP) ("HEP"), today announced the establishment of HF Sinclair Corporation . On March 14, 2022 (the "Closing Date"), pursuant to that certain Business Combination Agreement, dated as of August 2, 2021 (as amended on March 14, 2022, the "Agreement"), by and among HollyFrontier, HF Sinclair Corporation ("HF Sinclair"), Hippo Merger Sub, Inc., a wholly-owned subsidiary of HF Sinclair ("Parent Merger Sub"), The Sinclair Companies ("Sinclair HoldCo . HollyFrontier Transaction

An independent petroleum refiner in the United States with operations throughout the mid-continent, southwestern and Rocky Mountain regions. In addition, the combined renewable business is expected to produce around 25,000 bbl/d of renewable diesel. The newly formed "diversified, innovative energy company" is the result of a deal announced last August, when Dallas-based petroleum refiner HollyFrontier Corp. and Holly Energy Partners (HEP) acquired 105-year-old Sinclair Oil and a related business in a deal valued at nearly $2.6 billion. At the closing, existing shares of HollyFrontier will be converted on a one-to-one basis into shares of common stock of HF Sinclair . HollyFrontier

Pursuant to the BCA, HollyFrontier will acquire Sinclair NewCo by effecting (a) a holding company merger in accordance with Section 251(g) of the Delaware General Corporation Law whereby Parent Merger Sub will merge with and into HollyFrontier, with HollyFrontier surviving such merger as a direct wholly owned subsidiary of New Parent (the "HFC Merger"), and (b) immediately following the .

We first made HollyFrontier Corporation a Long Idea in July 2020 as part of our "See Through the Dip" thesis before its merger to become HF Sinclair (NYSE:DINO). The Sinclair deal follows HollyFrontier's May announcement that it plans to buy an Anacortes, Washington refinery from Royal Dutch Shell Plc (RDSa.L) by the end of 2021 for about $500 million.

If you own shares of HollyFrontier and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact . HF Sinclair will then issue about 60.2 million shares to stockholders of The Sinclair Cos. giving them 26.75% of pro forma ownership in the new company. At the closing, existing shares .

Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support HollyFrontier Careers. We're in the process of updating our website to reflect this change. The new company will be headquartered in Dallas, Texas, U.S.A., with combined business offices in Salt Lake City, Utah, U.S.A. Tesoro Corp <TSO.N> held talks to buy smaller rival oil refiner HollyFrontier Corp <HFC.N> earlier this year in a bid to join the top echelons of the competitive U.S. refining industry, according .

Modified 22 Sep 2021 17:16. 2011 Holly and Frontier completed a merger of equals and changed name to HollyFrontier Corporation (NYSE: HFC).

Stocks; Commodities .

HF Sinclair will be the parent company of a leading integrated downstream petroleum and renewable fuels company with enhanced scale and a strong marketing .

Commencing at market open on March 15, 2022, HF Sinclair will replace HollyFrontier as the public company trading on the New York Stock Exchange, and will trade under the ticker symbol "DINO" and under the new CUSIP number 403949 100. Holly is to acquire the Sinclair Oil Corp. and Sinclair Transportation Co. in a deal aimed in part at expanding its renewable diesel production. Carbon footprint.

HollyFrontier will form a new entity named HF Sinclair Corporation, which will feature seven refineries in the Rocky Mountains, Mid-Continent, Southwest and Pacific Northwest regions and will have a combined crude oil processing capacity of 678,000 bbl/d. DALLAS HollyFrontier Corp. and Holly Energy Partners L.P. (HEP) announced the establishment of HF Sinclair Corp. as the new parent holding company of HollyFrontier and HEP.

August 3, 2021 0.

Aug 3, 2021 6:47AM EDT.

HollyFrontier and Holly Energy Partners are to acquire Sinclair Oil Corporation and Sinclair Transportation Company from The Sinclair Companies.

Following the acquisition, HollyFrontier will form a new parent company, named HF Sinclair Corporation, which will replace HollyFrontier as the public company trading on the New York Stock Exchange (NYSE). "HollyFrontier was formed through a transformational merger that facilitated a decade of significant stockholder returns along with growth and diversification into lubricants and renewables," said Mike Jennings, CEO of HollyFrontier and HEP. "HollyFrontier was formed through a transformational merger that facilitated a decade of significant stockholder returns along with growth and diversification into lubricants and renewables. On August 3, 2021, HollyFrontier announced that it had entered into an agreement to merge with Sinclair in a deal valued at approximately $1.8 billion. HF Sinclair will be the parent company of a leading integrated downstream petroleum and renewable fuels company with enhanced scale and a strong marketing .

Under the terms of HollyFrontier's definitive agreement, HollyFrontier will acquire Sinclair's branded marketing business and all commercial activities, renewable diesel business, and two Rocky . Employer Identification No.) The Sinclair Companies, a privately held company that wholly owns Sinclair Oil Corporation, announced that it has entered into definitive agreements to combine substantially all of Sinclair Oil's refining, renewable diesel, and logistics assets with those of HollyFrontier Corporation ("HollyFrontier") and Holly Energy Partners, L.P. ("HEP"), a HollyFrontier-affiliated midstream .

HollyFrontier and its transportation business Holly Energy Partners (HEP) have signed agreements to acquire the majority of Sinclair Oil's assets for $2.6bn. As part of the transaction, HollyFrontier will form a new parent company, HF Sinclair Corp .

In New Mexico, HollyFrontier has underway a 120 million gallons/y plant at its Artesia, New Mexico, refinery also due online in 2022. Subsidiaries of HollyFrontier produce and market gasoline, diesel, jet fuel, asphalt, heavy products and specialty lubricant products. HollyFrontier Corporation combines.

The succeeding company, HF Sinclair Corporation, is expected to finalize the merger mid-2022. 2828 N. Harwood, Suite 1300 Dallas, Texas 75201 (Address of principal executive offices) (Zip Code) (214) 871-3555

HF Sinclair will then issue 60.2 million shares to Sinclair, the company said. Shareholders of Holly Corp. and Frontier Oil Corp. both approved a $7 billion merger Tuesday that will be completed later this week, officials said. HollyFrontier and Holly Energy Partners (HEP) has acquired Sinclair Oil Corporation and Sinclair Transportation Company in the US.

The. SECURITIES AND EXCHANGE COMMISSION . HollyFrontier Corp. (HFC) relating to its proposed merger with Sinclair Oil and Sinclair Transportation.Under the terms of the agreement, HFC shareholders will have their shares converted on a 1:1 basis for shares of common stock of the newly created company, HF Sinclair Corp.

Sinclair will have the right to nominate two directors to HF Sinclair . HollyFrontier, the company that owns Cheyenne's Frontier Oil Refinery, will buy portions of the Sinclair Companies, including its two refineries in Wyoming, the companies announced Tuesday.

On August 3, 2021, HollyFrontier announced that it had entered into an agreement to merge with Sinclair in a deal valued at approximately $1.8 billion.

Since then, the stock is up 10% .

HollyFrontier Corporation (NYSE: HFC) ("HollyFrontier") announced today that George Damiris notified the Board of Directors of HollyFrontier that he will retire as CEO, President and Director of HollyFrontier on December 31, 2019.

HollyFrontier, which says it is cooperating with FTC staff .

At the closing, existing shares of HollyFrontier will automatically convert on a one-for-one basis into shares of common stock of HF Sinclair, and HF Sinclair will issue approximately 60.2 million .

with and into Parent Merger Sub, with HollyFrontier surviving such merger as a direct wholly owned subsidiary of New Parent (the "HFC Merger") and (b) immediately following the HFC Merger, a contribution whereby Sinclair HoldCo will contribute all of the equity interests of the Target Company to New Parent in exchange for shares of New Parent, resulting in the Target Company becoming a . Upon completion of the transaction, HFC shareholders will own 73.25% equity and Sinclair owners will receive 26.75% of the combined entity's equity. HF SINCLAIR CORPORATION (Exact name of registrant as specified in its charter) Delaware 87-2092143 (State or other jurisdiction of incorporation or organization) (I.R.S.

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