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March 31, 2015
10:40 EDTALJDelek in acquisition talks with Alon Israel Oil Company
In a regulatory filing, Delek (DK) reports that in March, it requested approval from the board of Alon USA Energy (ALJ) for the potential purchase by Delek of some or all of the shares of common stock owned by Alon Israel Oil Company. In respect of the request from Delek, the board formed a special committee consisting of independent directors and authorized it to review, negotiate and evaluate Delek’s request and make a recommendation. Based on the recommendation of the committee, the board approved Delek. In connection with the possible acquisition by Delek of Alon Israel Shares, the company and Delek entered into a confidential stockholder agreement establishing terms for the future acquisition and disposition of securities of the company by Delek. Discussions between Alon Israel and Delek are ongoing. Both parties have advised the company that there can be no assurances that an agreement for Delek to acquire Alon Israel Shares will be reached.

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