HollyFrontier has entered into a merger agreement with oil refiner Sinclair. As part of the deal, HollyFrontier will form a new parent company, HF Sinclair, and all of its shares will be converted into HF Sinclair common stock. Sinclair shareholders will receive a 26.75% stake in the new company for $1.8 billion. The deal is scheduled to close in mid-2022.
HollyFrontier has entered into a merger agreement with oil refiner Sinclair. As part of the deal, HollyFrontier will form a new parent company, HF Sinclair, and all of its shares will be converted into HF Sinclair common stock. Sinclair shareholders will receive a 26.75% stake in the new company for $1.8 billion. The deal is scheduled to close in mid-2022. 
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