MILWAUKEE, Aug. 21, 2023 /PRNewswire/ -- Ademi LLP is investigating Holly Energy (NYSE: HEP) for possible breaches of fiduciary duty and other violations of law in its transaction with HF Sinclair.
Click here to learn how to join the action https://www.ademilaw.com/case/holly-energy-partners-lp or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Holly Energy public unitholders are expected to receive only 0.315 shares of Common Stock and $4.00 in cash, without interest, for each publicly held Common Unit. The transaction agreement unreasonably limits competing bids for Holly Energy by imposing a significant penalty if Holly Energy accepts a superior bid. Holly Energy insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Holly Energy's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Holly Energy.
If you own Holly Energy common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/holly-energy-partners-lp.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi LLP
