PBF Energy Completes Acquisition of PBF Logistics Today
11/30 2:34 PM
PBF Energy Completes Acquisition of PBF Logistics Today OAKHURST, N.J. (DTN) --- PBF Energy Inc. completed the previously announced acquisition of all the common units of PBF Logistics not already owned by PBF Energy and its subsidiaries for a combination of 0.270 a share of PBF Energy Class A common stock and $9.25 in cash, without interest, per PBFX Public Common Unit. The merger of PBF Logistics with a subsidiary of PBF Energy 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, PBFX Common Units will no longer be listed on the New York Stock Exchange, and it will cease to be publicly traded company. "On behalf of the Boards of Directors and management team, we thank unitholders for their support in completing this significant milestone. We are excited to complete the transaction today and look forward to the continued success of the combined company," said Tom Nimbley, PBF Energy's and PBF Logistics' chairman and CEO. PBF Energy Inc., one of the largest independent refiners in North America, operates, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey, and Ohio. (c) Copyright 2022 DTN, LLC. All rights reserved.
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