Shareholder alert: monteverde & associates pc announces an investigation of hollyfrontier corp. - hfc

New york, oct. 30, 2021 /prnewswire/ --  juan monteverde , founder and managing partner at monteverde & associates pc, a national securities firm rated top 50 in the 2018-2020 iss securities class action services report and headquartered at the empire state building in new york city, is investigating hollyfrontier corp. ("hfc" or the "company") (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. the investigation focuses on whether hollyfrontier corp. and its board of directors violated securities laws and/or breached their fiduciary duties to the company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.
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