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Stock Market & Financial Investment News

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February 12, 2013
17:30 EDTALJAlon USA Energy requests withdrawal of registration statement
Alon USA Energy requests that its Registration Statement on Form S-3 (File No. 333-183446), originally filed with the SEC on August 21, 2012, be withdrawn, with such withdrawal to be effective as of the date hereof or as promptly as practicable pursuant to Rule 477 under the Securities Act of 1933, as amended. The company is requesting withdrawal of the Registration Statement because the selling stockholder named in the Registration Statement has informed the company that it will not proceed with the sale of securities covered. The company confirms that the Registration Statement was not declared effective and no securities were sold pursuant to it.
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May 14, 2015
17:02 EDTALJDelek US completes acquisition of 48% ownership interest in Alon USA Energy
Delek US Holdings (DK) announced that it has completed the acquisition of approximately 33.7M shares, or approximately 48% of the outstanding shares, of Alon USA Energy (ALJ) common stock from Alon Israel Oil Company. Five seats on the eleven-member Alon USA board of directors previously held by Alon Israel representatives have been filled by representatives from Delek US. This includes Delek US Chairman, President and CEO Uzi Yemin who has been named as the chairman of the Alon USA board. Prior to commencing negotiations with Alon Israel, Delek US entered into a stockholder agreement with Alon USA. During the first year following the closing of this transaction, the stockholder agreement allows Delek US to acquire up to 49.99% of the outstanding shares of Alon USA at its discretion, with additional ownership above this threshold subject to the approval of the independent members of Alon USA’s board of directors. The stockholder agreement will expire on May 14, 2016, and Delek US will then have no further restrictions under this agreement related to increasing ownership in Alon USA.

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