PBF Energy to acquire PBF Logistics for 0.270 shares + $9.25 cash per unit (13.2% premium)

PBF Energy Inc.

Each public PBFX unit converts to 0.270 PBF Energy shares + $9.25 cash; $5M termination fee if PBFX changes recommendation.
PBF Energy already owns 47.7% of PBFX; deal values remaining 52.3% at ~$350M based on terms.
Premium of 13.2% to PBFX 30-day VWAP through July 27, 2022; expected close by March 31, 2023.
Transaction unanimously approved by PBFX Conflicts Committee, GP Board, and PBF Energy Board.
PBF Logistics to become wholly owned subsidiary; units will be delisted from NYSE after closing.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.