PBF Energy (PBF) to Acquire Remaining Public Stake in PBF Logistics (PBFX)
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PBF Energy Announces Agreement to Acquire Remaining Public Stake in PBF Logistics LP
July 28, 2022 6:00 AM EDTPARSIPPANY, N.J., July 28, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) and PBF Logistics LP (NYSE: PBFX) today announced a definitive agreement and plan of merger pursuant to which PBF Energy will acquire all of the outstanding common units representing limited partner interests of PBF Logistics it does not already own directly or indirectly for a combination of PBF Energy Class A common stock and cash. PBF Energy beneficially owns approximately 47.7% of the outstanding common units of PBF Logistics as of July 22, 2022.Â
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