Key Developments: Delek US Holdings Inc (DK)
34.67USD
24 May 2013
$-0.54 (-1.53%)
$35.21
$34.97
$35.12
$34.47
502,577
924,986
$41.47
$14.84
Latest Key Developments (Source: Significant Developments)
Delek US Holdings Inc Announces Secondary Offering By Selling Stockholder And Repurchase Of Common Stock
Delek US Holdings Inc announced that the commencement of an underwritten secondary offering of 7,825,000 shares of its common stock offered by Delek Hungary Holding Limited Liability Company (the Selling Stockholder). The underwriters will also have a 30-day option to purchase up to an additional 1,173,750 shares of common stock from the Selling Stockholder. Delek US will not sell any shares or receive any proceeds from the offering. In addition, Delek US announced that its Board of Directors has authorized a $75 million common stock repurchase program. In connection with this program, Delek US has entered into a stock repurchase agreement with the Selling Stockholder pursuant to which it intends to repurchase 1,000,000 shares of its common stock from the Selling Stockholder concurrently with the closing of the offering. The remaining shares may be repurchased from time to time in open market or privately negotiated transactions, subject to market conditions and other factors. The authorization under the common stock repurchase program shall expire on December 31, 2013. Barclays Capital Inc., Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC and Goldman, Sachs & Co. are acting as joint book-running managers for the offering. Full Article
Delek US Holdings Inc Declares Special Dividend Of $0.10 Per Share
Delek US Holdings Inc announced that its Board of Directors declared a special cash dividend of $0.10 per share. Shareholders of record on March 26, 2013 will receive this cash dividend payable on April 16, 2013. Full Article
Delek US Holdings Inc Declares Quarterly Cash Dividend
Delek US Holdings Inc announced that its Board of Directors voted to declare a quarterly cash dividend of $0.10 per share, payable on March 19, 2013, to shareholders of record on February 26, 2013. Full Article
Delek US Holdings Inc And Delek Logistics Partners LP Appoints Assi Ginzburg As Chief Financial Officer
Delek US Holdings Inc and Delek Logistics Partners, LP announced that Assi Ginzburg, currently an Executive Vice President for both companies, has been appointed Chief Financial Officer (CFO) of both Delek US and the general partner of Delek Logistics effective immediately. He succeeds Mark Cox, who will continue to serve as an Executive Vice President of both companies through March 31, 2013 to ensure a smooth transition. Full Article
EQM Technologies & Energy Inc Completes Sale Of Biodiesel Production Business To Delek US Holdings, Inc.'s Delek Renewables, LLC
EQM Technologies & Energy Inc announced that it has completed the sale of biodiesel production facility based in Cleburne, TX and related assets to Delek Renewables, LLC, a wholly owned subsidiary of Delek US Holdings, Inc., for approximately $5.5 million in cash. EQM's tolling agreement, pursuant to which it produced biodiesel for Delek Renewables, was terminated concurrent with the completion of the transaction. Ardour Capital Investments LLC acted as financial advisors to EQM in this transaction. Full Article
Delek US Holdings Inc Announces Agreement To Purchase Biodiesel Facility in Texas
Delek US Holdings Inc announced that it entered into an agreement to purchase a biodiesel production facility and related assets based in Cleburne, Texas from EQM Technologies & Energy, Inc. for approximately $5.3 million. This transaction is subject to standard closing conditions and is expected to close on or before January 23, 2013. The biodiesel facility has a production capacity of approximately 12 million gallons per year. Full Article
EQM Technologies & Energy Inc Announces Agreement To Sell Biodiesel Production Business To Delek US Holdings Inc's Delek Renewables, LLC
EQM Technologies & Energy Inc announced that it has entered into an agreement to sell its biodiesel production facility based in Cleburne, TX and related assets to Delek Renewables, LLC (Delek Renewables), a wholly owned subsidiary of Delek US Holdings Inc. for approximately $5.3 million in cash. The transaction, which has been approved by EQM's Board of Directors, is expected to close on or before January 23, 2013, and is subject to customary closing conditions. EQM plans to use the proceeds from the transaction to pay off all $1,650,000 unpaid principal and all accrued but unpaid interest under EQM's secured subordinated notes that are secured by the assets being sold in the transaction, and for general corporate purposes. Full Article
Delek US Holdings Inc Declares Special Cash Dividend of $0.10 Per Share and Elects Uzi Yemin, CEO, as Chairman of Board
Delek US Holdings Inc announced that its Board of Directors declared a special cash dividend of $0.10 per share. Shareholders of record on January 8, 2013 will receive the special cash dividend payable on January 29, 2013. The Company also announced that the Board of Directors has elected Uzi Yemin to serve in the newly created position of Chairman of the Board. Mr. Yemin has served as Chief Executive Officer of Delek US since June 2004 and as President and a Director since April 2001. Mr. Yemin will continue in his role as President and Chief Executive Officer of Delek US Holdings, Inc. Full Article
Delek US Holdings Inc Declares Regular Quarterly Dividend
Delek US Holdings Inc announced that Board of Directors declared a regular quarterly dividend of $0.10 per share. This is an increase from the previous regular quarterly dividend of $0.0375 per share. Shareholders of record on November 27, 2012 will receive this cash dividend payable on December 18, 2012. Full Article
Delek US Holdings Inc Declares Special Cash Dividend
Delek US Holdings Inc announced that its Board of Directors declared a special cash dividend of $0.10 per share. Shareholders of record on October 16, 2012 will receive the special cash dividend payable on October 30, 2012. Full Article
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