Delek US Holdings Inc.


Entered into a stock purchase and cooperation agreement with Carl C. Icahn and certain of his affiliates includes the purchase of $64 million of the company’s common stock beneficially owned by the Icahn Group, at a purchase price of $18.30 per share, which is the closing price of the company’s common shares on March 4, the last trading day prior to the execution of the agreement. Under the agreement, the Icahn Group will, among other things, (i) withdraw its nomination of directors and (ii) agree to a standstill restriction through the completion of the Company’s 2023 annual meeting of stockholders, including refraining from acquiring additional shares of the company’s common stock. Cash on hand will be used to fund the share repurchase.

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