DALLAS, July 11, 2016 /PRNewswire/ -- As noted in the
Alon USA Energy, Inc. (NYSE: ALJ)
("Alon") proxy statement, filed with the SEC on April 1, 2016, Alon's Board of Directors has
formed a Special Committee (the "Special Committee"). The Special
Committee is comprised of directors having no affiliation with
Delek US Holdings, Inc. ("Delek"). Since its formation, the Special
Committee has reviewed a number of strategic alternatives, a
potential business combination with Delek, the analysis of capital
investments, shareholder distributions, a sale or merger and a
spin-off or separation of a selected business.
The Special Committee has set no timetable for the strategic
review process and has not made a decision to pursue any particular
transaction, and there can be no assurance that any transaction
will be approved or consummated. Alon does not intend to disclose
or comment on further developments regarding the review of
strategic alternatives until it determines that such disclosure or
comment is appropriate or necessary.
The Special Committee has retained J.P. Morgan as its financial
advisor and Gibson Dunn as its legal advisor to assist in the
assessment of strategic alternatives.
Alon USA Energy, Inc.,
headquartered in Dallas, Texas, is
an independent refiner and marketer of petroleum products,
operating primarily in the South Central, Southwestern and Western
regions of the United States. Alon
owns 100% of the general partner and 81.6% of the limited partner
interests in Alon USA Partners, LP
(NYSE: ALDW), which owns a crude oil refinery in Big Spring, Texas, with a crude oil throughput
capacity of 73,000 barrels per day and an integrated wholesale
marketing business. In addition, Alon directly owns a crude oil
refinery in Krotz Springs,
Louisiana, with a crude oil throughput capacity of 74,000
barrels per day. Alon also owns crude oil refineries in
California, which have not
processed crude oil since 2012. Alon is a leading marketer of
asphalt, which it distributes primarily through asphalt terminals
located predominately in the Southwestern and Western United States. Alon is the largest
7-Eleven licensee in the United
States and operates approximately 300 convenience stores
which also market motor fuels in Central and West Texas and New
Mexico.
Contacts:
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Stacey
Morris
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Investor Relations
Manager
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Alon USA Energy,
Inc.
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972-367-3808
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Investors: Jack
Lascar
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Dennard ▪ Lascar
Associates, LLC
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713-529-6600
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Media: Blake
Lewis
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Lewis Public
Relations
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214-635-3020
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SOURCE Alon USA Energy,
Inc.