SAN DIEGO, Dec. 6, 2017 /PRNewswire/ -- Shareholder rights
law firm Johnson Fistel, LLP has launched an investigation into
whether the board members of Alon USA Partners, LP ("Alon Partners") (NYSE:
ALDW) breached their fiduciary duties in connection with the
proposed sale of the Company to Delek US Holdings, Inc. (NYSE:DK)
("Delek US"). Alon Partners refines and markets petroleum products
in the United States.
On November 8, 2017, Alon Partners
announced that it had signed a definitive merger agreement with
Delek US. Under the terms, Delek US will acquire all of the
outstanding Alon Partners common units representing limited partner
interests which Delek US or its affiliates do not already own, in
an all-stock for common units merger transaction. The owners of the
outstanding common units in Alon Partners that Delek US and its
affiliates do not currently own will receive a fixed exchange ratio
of 0.49 Delek US shares for each common unit of Alon Partners.
The investigation concerns whether the Alon Partners board
failed to satisfy its duties to the owners of the outstanding
common units, including whether the board adequately pursued
alternatives to the acquisition and whether the board obtained the
best price possible for Alon Partners shares of common units.
Nationally recognized Johnson
Fistel is investigating whether the proposed deal price
represents adequate consideration.
If you are an owner of common units of Alon Partners and believe
the proposed buyout price is too low, or you're interested in
learning more about the investigation or your legal rights and
remedies, please contact lead analyst Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If
emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP