---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-204095"
form_type: "8-K"
ticker: "PBF"
cik: "0001534504"
company_name: "PBF Energy Inc."
filed_at: "2022-07-28T23:59:59+00:00"
generated_at: "2026-06-24T07:30:24.467272+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-204095
- form_type: 8-K
- ticker: PBF
- cik: 0001534504
- company_name: PBF Energy Inc.
- filed_at: 2022-07-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534504/000119312522204095/0001193125-22-204095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534504/000119312522204095/d350886d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-204095
- JSON: https://secwatch.observer/filing/0001193125-22-204095.json
- Plain text: https://secwatch.observer/filing/0001193125-22-204095.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.