BRENTWOOD, Tenn., March 1, 2021 /PRNewswire/ -- Delek US
Holdings, Inc. (NYSE: DK) ("Delek US") today issued the following
statement regarding the Section 220 books and records request
letter sent by CVR Energy, Inc. ("CVR"), a majority owned
subsidiary of Icahn Enterprises L.P.:
Delek will review the Section 220 books and records request
letter that we received from CVR this morning.
CVR has launched its activism campaign and proxy fight to drive
its agenda – which we believe is not in the best interests of Delek
shareholders. Indeed, CVR's previous letter demanded that Delek
take a number of actions that would benefit CVR, to the detriment
of Delek and its shareholders.
The successful execution of Delek's long-term strategy has
clearly delivered value for our shareholders, demonstrated by a
five-year total shareholder return of +92% in comparison to +28%
for the average of our peers(1), including CVR, over the
same period.
We will review and respond to CVR's letter in due course.
About Delek US Holdings, Inc.
Delek US Holdings, Inc. is a diversified downstream energy
company with assets in petroleum refining, logistics, asphalt,
renewable fuels and convenience store retailing. The refining
assets consist of refineries operated in Tyler and Big
Spring, Texas, El Dorado,
Arkansas and Krotz Springs,
Louisiana with a combined nameplate crude throughput
capacity of 302,000 barrels per day.
The logistics operations consist of Delek Logistics Partners, LP
(NYSE: DKL) ("Delek Logistics"). Delek US and its affiliates also
own the general partner and an approximate 80 percent limited
partner interest in Delek Logistics. Delek Logistics is a
growth-oriented master limited partnership focused on owning and
operating midstream energy infrastructure assets.
The convenience store retail business operates approximately 253
convenience stores in central and west Texas and New
Mexico.
Information about Delek US Holdings, Inc. can be found on its
website (www.delekus.com), investor relations webpage
(ir.delekus.com), news webpage (www.delekus.com/news) and its
Twitter account (@DelekUSHoldings).
Additional Information
Delek US, its directors and certain of its executive officers
and employees may be deemed to be participants in the solicitation
of proxies from the company's shareholders in connection with the
matters to be considered at the Company's 2021 Annual Meeting.
Delek US intends to file a proxy statement and a white proxy card
with the SEC in connection with any such solicitation of proxies
from the Company's shareholders. DELEK US SHAREHOLDERS ARE STRONGLY
ENCOURAGED TO READ ANY SUCH PROXY STATEMENT AND ACCOMPANYING WHITE
PROXY CARD WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN
IMPORTANT INFORMATION.
Information regarding the ownership of the Company's stock and
other securities by the Company's directors and executive officers
is included in SEC filings on Forms 3, 4, and 5, which can be found
through the Company's website (http://www.delekus.com) in the
section "Investors" or through the SEC's website at www.sec.gov.
Information can also be found in the Company's other SEC filings,
including the Company's Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q. More detailed and updated information
regarding the identity of potential participants, and their direct
or indirect interests, by security holdings or otherwise, will be
set forth in the proxy statement and other materials to be filed
with the SEC in connection with the Company's 2021 Annual Meeting.
Shareholders will be able to obtain any proxy statement, any
amendments or supplements to the proxy statement and other
documents filed by Delek US with the SEC for no charge at the SEC's
website at www.sec.gov. Copies will also be available at no charge
on the Company's website at http://www.delekus.com.
(1) As of 2/26/21; peer set includes CVR Energy, Inc,
HollyFrontier Corporation, Marathon Petroleum Corporation, Par
Pacific Holdings, Inc., PBF Energy Inc., Phillips 66 and Valero Energy Corporation.
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SOURCE Delek US Holdings, Inc.