BuybackMay 19, 2026, 04:51 PM
HF Sinclair to Repurchase $100M in Common Stock from REH Advisors
AI Summary
HF Sinclair Corporation entered into a Stock Purchase Agreement to repurchase 1,455,180 shares of its common stock from REH Advisors Inc. for an aggregate price of $100 million, at $68.72 per share. This transaction, funded with cash on hand, is the twenty-first privately negotiated repurchase with REH and is part of the company's $1 billion share repurchase program. To date, HF Sinclair has repurchased $717 million under this program, including the current transaction. The shares will be held as treasury stock.
Key Highlights
- HF Sinclair to repurchase 1,455,180 shares of its common stock.
- The aggregate purchase price for the shares is $100 million.
- The repurchase price is $68.72 per share.
- The transaction is with REH Advisors Inc., which beneficially owns approximately 7% of outstanding common stock.
- This marks the twenty-first privately negotiated transaction between the company and REH Advisors Inc.
- The repurchase is part of the company's previously authorized $1 billion share repurchase program.
- To date, HF Sinclair has repurchased $717 million under the $1 billion program, including this transaction.
- The purchase price will be funded using cash on hand.
Price Impact
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