Delek US Holdings, Inc. (DK): M&A transaction — Delek US Holdings closes $385M sale of retail assets to FEMSA

Delek US Holdings, Inc.

Closed sale of 100% equity in Delek US Retail subsidiaries to FEMSA for ~$385M cash, including inventory.
Sold 249 retail stores located in Texas, New Mexico, and Arkansas.
Entered a 10-year supply agreement for fuel to the acquired entities.
Pro forma gain on sale estimated at $79.7M net of tax; sale will be reported as discontinued operations.
Pro forma cash and cash equivalents increased to $1.04B as of June 30, 2024.

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

Delek US Holdings, Inc. completed a disposition involving Emprex Proximity LLC (a subsidiary of FEMSA) for approximately $385 million (closed 2024-09-30).

Action: disposition
Counterparty: Emprex Proximity LLC (a subsidiary of FEMSA)
Consideration: approximately $385 million
Closing: 2024-09-30

Exact text from the filing

in its subsidiaries that own its retail related assets to Emprex Proximity LLC, a Delaware limited liability company (“Emprex”) for gross cash consideration of approximately $385 million (including the purchase of inventories) pursuant to that certain Equity Purchase Agreement dated July 31, 2024 (the "Purchase Agreement"), by and among Alon and Emprex. As a part

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Delek US Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001694426-24-000136

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