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March 19, 2014
08:51 EDTDGRLY, DKDelek US lower after Delek Group sells 3M shares at $30.33
Delek Group (DGRLY) reported that on Tuesday, March 18, after the close of trading the company sold a portion of its holdings in Delek US (DK) in an off-market transaction to a foreign financial institution. Delek Group sold 3M ordinary shares of Delek US at the price of $30.33 per share for a total consideration of $91M. Following the sale, the company holds approximately 25.4% of Delek US share capital. Shares of Delek US are trading down 4%, or $1.20, to $30.65 in pre-market trading.
News For DK;DGRLY From The Last 14 Days
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August 4, 2015
13:49 EDTDKDelek US says merger of equals with Alon USA is possible
During Delek US' (DK) Q2 earnings conference call, company executives remarked on the company's 48% stake in Alon USA Energy (ALJ), saying Delek is "not in the business" of holding just 48%. The company cautioned that any potential increase in the stake depends on valuation, synergies, and timing, among other factors. Delek added that there are "a lot" of synergies between the two firms, saying the company is still "evaluating options" at this point but that a merger of equals is a possibility.
August 3, 2015
18:52 EDTDKDelek Logistics says continues to explore third-party acquisitions
In its Q2 earnings report, Delek Logistics (DKL) stated, "We remain focused on future growth opportunities as work progresses on our pipeline development projects through two joint ventures with unaffiliated third parties that are expected to be completed in mid-2016. In addition, third-party acquisitions continue to be explored, and the recent change in market conditions and commodity prices are beginning to create a more attractive environment. We continue to evaluate opportunities to partner with Delek US (DK) to provide additional growth, which may be enhanced through Delek US' recent investment in Alon USA (ALJ). We... expect to continue to increase our annual distributions by at least 15% going forward."
18:49 EDTDKDelek US reports Q2 EPS 79c, may not compare to consensus $1.05
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July 24, 2015
10:00 EDTDKOn The Fly: Analyst Initiation Summary
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07:12 EDTDKDelek US initiated with an Outperform at Macquarie
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July 22, 2015
17:25 EDTDKD. E. Shaw Kalon Portfolios reports 9.3% stake in Delek US

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