- PBF Energy (NYSE:PBF) -1.1% AH after announcing a public offering of 10M common shares, with an underwriters option to purchase up to an additional 1.5M shares.
- PBF says it plans to use the proceeds to fund part of the purchase price for the pending acquisition of the Torrance refinery and related logistics assets.
- Also, PBF says it it expects to report Q3 net income of $135M-$155M, excluding any potential lower of cost or market inventory adjustment, and that its refineries had a combined total throughput of ~470K bbl/day.