Refining Community Logo

Update – Holly/Frontier Merger Special/Shareholder meeting

Home Forums Coking News: DCU, Upgrader 1.Coker (registered users only) Update – Holly/Frontier Merger Special/Shareholder meeting

This topic contains 3 replies, has 1 voice, and was last updated by  Charles Randall 11 years, 3 months ago.

  • Author
    Posts
  • #2258

    basil parmesan
    Participant

    May 11, 2011 07:00 AM Eastern Daylight Time 
    Frontier Oil Announces Record Date and Meeting Date for Special Meeting of Shareholders in Connection with Merger
     
    HOUSTON–(BUSINESS WIRE)–May 11, 2011Frontier Oil Corporation (NYSE: FTO) today announced that it has established a record date and a meeting date for the special meeting of its shareholders to consider and vote upon, among other things, the proposal to adopt the previously announced Agreement and Plan of Merger, dated as of February 21, 2011, between Frontier and Holly Corporation.
    Frontier shareholders of record at the close of business on Friday, May 20, 2011, will be entitled to notice of the special meeting and to vote at the special meeting. The special meeting will be held on Tuesday, June 28, 2011, at 3:00 p.m. local time at the offices of Andrews Kurth LLP, 600 Travis, Suite 4200, Houston, Texas 77002.
    Frontier shareholders are encouraged to read the proxy materials in their entirety as they provide, among other things, a discussion of the reasons behind the recommendation of Frontier’s board of directors that the shareholders vote “FOR” the approval of the proposed merger. Frontier shareholders should contact Innisfree M&A Incorporated, the proxy solicitor for Frontier, at (212) 750-5833, if they have any questions about the merger, including how to vote their shares.
    About Frontier
    Frontier Oil Corporation operates a 135,000 bpd refinery located in El Dorado, Kansas, and a 52,000 bpd refinery located in Cheyenne, Wyoming, and markets its refined products principally along the eastern slope of the Rocky Mountains and in other neighboring plains states. Information about the Company may be found on its website http://www.frontieroil.com.
    Important Information for Investors and Shareholders
    This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. The issuance of Holly Corporation (“Holly”) common stock in connection with the proposed merger will be submitted to Holly’s stockholders for their consideration, and the proposed merger will be submitted to shareholders of Frontier Oil Corporation (“Frontier”) for their consideration. Holly has filed with the Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 that includes a joint proxy statement to be used by Holly and Frontier to solicit the required approval of their shareholders in connection with the proposed merger and constituted a prospectus of Holly. Holly and Frontier may also file other documents with the SEC concerning the proposed merger. INVESTORS AND SECURITY HOLDERS OF HOLLY AND FRONTIER ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED MERGER AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. Investors and security holders may obtain a free copy of the joint proxy statement/prospectus and other documents containing important information about Holly and Frontier through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by Holly will be available free of charge on Holly’s website at http://www.hollycorp.com under the tab “Investors” or by contacting Holly’s Investor Relations Department at (214) 871-3555. Copies of documents filed with the SEC by Frontier will be available free of charge on Frontier’s website at http://www.frontieroil.com under the tab “Investor Relations” and then under the tab “SEC Filings” or by contacting Frontier’s Investor Relations Department at (713) 688-9600.
    Holly, Frontier and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Holly and shareholders of Frontier in connection with the proposed transaction. Information about the directors and executive officers of Holly is set forth in its proxy statement for its 2011 annual meeting of stockholders, which was filed with the SEC on March 31, 2011. Information about the directors and executive officers of Frontier is set forth in its proxy statement for its 2011 annual meeting of shareholders, which was filed with the SEC on March 21, 2011. These documents can be obtained free of charge from the sources indicated above. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, are contained in the joint proxy statement/prospectus and other relevant materials to be filed with the SEC.

     

  • #5078

    Charles Randall
    Participant

    Here is update on the Frontier-Holly Merger, both of Frontier’s refineries are coking refineries. Holly already tolls resid from the Holly (former COP Denver refinery which Holly integrated with Suncor refinery there) Denver Refinery thru the Frontier Cheyenne Coker via long term arrangement set up originally by COP.
     
    Do not confuse the Frontier Eldorado Coking Refinery in Kansas with the Delek Eldorado Asphalt Refinery in Arkansas (former Lion) which is also in news undergoing first Maintenance T/A under as Delek label.
     
    <Note you wont find this refinery in OGJ US Refinery summary – it’s one +17 refineries they delisted but are still operating. You can find it on EIA’s US Refining summary however.> 
    Regards

  • #5023

    Charles Randall
    Participant

    Holly Refinery Announces Merger With Wyoming Oil CorporationPosted: Jun 28, 2011 5:42 PM CDT Updated: Jun 28, 2011 8:35 PM CDT
    Holly operates both of Tulsa’s refineries on the west bank of the Arkansas River.

    DALLAS, Texas — Holly Corporation, announced it is merging with Frontier Oil Corporation in Wyoming Tuesday. Holly operates both of Tulsa’s refineries on the west bank of the Arkansas River.
    The merger will create the HollyFrontier Corporation.
    “HollyFrontier Corporation will deliver value for the shareholders of both companies through a well-positioned refining asset base, enhanced growth opportunities and one of the best balance sheets in the industry,” Matt Clifton, Holly”s Chairman and Chief Executive Officer, said Tuesday.
    The merger gives the combined company refineries in Oklahoma, Kansas, Utah, Wyoming, and New Mexico. The deal is expected to be completed on July 1, 2011.

  • #5022

    Charles Randall
    Participant

    Here is another update on Holly – Frontier merger that is now going to complete on Friday July 1, 2011 and form the HollyFrontier Corp. (note put it on top of May update with details of merger).
    Regards

You must be logged in to reply to this topic.

Refining Community