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UPDATE 1-Refiner Delek to buy Alon Israel' 48 pct stake in Alon USA

Delek said it would buy 33.7 million Alon USA shares, valuing each share at $16.985, which is a premium of more than 8 percent to the stock's Tuesday close. Alon USA's shares were up 5 percent at $16.50 in trading after the bell on Tuesday, while Delek's shares rose 3.2 percent to $39.10. For a year after that, Delek can acquire up to 49.99 percent of Alon USA at its...
Source: Reuters
Refiner Delek to buy Alon Israel' 48 pct stake in Alon USA

Delek said on Tuesday it would buy 33.7 million Alon USA shares and that the deal value was based on Delek's closing price of $37.90 on Tuesday. Delek said it would pay $200 million in cash, 6 million in stock and issue Alon Israel an unsecured $145 million promissory note maturing in January 2021. Delek has refineries in Tyler, Texas and El Dorado, Arkansas while...
Source: Reuters
'Diva of distress' vs. SEC: Does she have a case?

Lynn Tilton may be trying to tear up the new order of American securities regulation. And a number of legal eagles say she might have a point.
Source: CNBC.com | By: Alex Rosenberg