Hunton Andrews Kurth Represents PBF Energy Inc. in Acquisition of PBF Logistics LP
Hunton Andrews Kurth LLP is representing PBF Energy Inc. (NYSE: PBF) in connection with its acquisition of PBF Logistics LP (NYSE: PBFX). Under the terms of the merger agreement, which was announced on July 28, 2022, PBF Energy will acquire all of the outstanding public common units of PBF Logistics for consideration per common unit of $9.25 in cash and 0.270 of a share of PBF Energy stock.
PBF Energy is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio. PBF Logistics was formed in February 2013 by subsidiaries of PBF Energy to own or lease, operate, develop and acquire crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets.
Partner Phil Haines is leading the Hunton Andrews Kurth deal team along with partner Jordan Hirsch and associate Erin Jennings. Partners Tom Ford and Robert McNamara and associate Tim Strother are handling tax matters.
Barclays acted as financial advisor to PBF Energy.
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