PBF Energy Inc. (PBF): M&A transaction — PBF Energy completes acquisition of PBF Logistics for $9.25/sh + 0.270 stock

PBF Energy Inc.

PBF Energy acquired all publicly held PBFX common units in merger effective Nov. 30, 2022.
Each PBFX public unit received $9.25 cash plus 0.270 share of PBF Energy Class A common stock.
Merger approved by ~42.5M units (67.8% of outstanding) at special meeting.
PBFX common units delisted from NYSE and will cease being publicly traded.
Combined company simplified structure under PBF Energy ownership.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

PBF Energy Inc. completed an acquisition involving PBF Logistics LP (PBFX) for 0.270 of a share of Class A Common Stock and $9.25 in cash per PBFX Public Common Unit (closed 2022-11-30).

Action: acquisition
Counterparty: PBF Logistics LP (PBFX)
Consideration: 0.270 of a share of Class A Common Stock and $9.25 in cash per PBFX Public Common Unit
Closing: 2022-11-30

Exact text from the filing

the effective time of the Merger (the “Effective Time”), pursuant to the terms of the Merger Agreement, each PBFX Public Common Unit was converted into the right to receive: (i) 0.270 of a share of Class A Common Stock, par value $0.001 per share, of PBF Energy (the “PBF Energy Common Stock,” and such consideration, the “Stock Consideration”), (ii) $9.25 in

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PBF Energy Inc. filing history →

Source: SEC EDGAR

accession 0001140361-22-043682

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