Hf sinclair corporation announces proposal to acquire all outstanding common units of holly energy partners, l.p.

Dallas--(business wire)--hf sinclair corporation (nyse: dino) (“hf sinclair”) announced today that it has submitted a non-binding proposal to acquire all of the outstanding common units (“common units”) of holly energy partners, l.p. (nyse: hep) (“hep”) not beneficially owned by hf sinclair or its affiliates in exchange for common stock, par value $0.01 per share (“common stock”), of hf sinclair. under the proposal, hf sinclair proposes to effect the transaction at a fixed exchange ratio of 0.3.
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