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Holly Energy Partners (HEP) agrees to acquire HollyFrontier's (HFC) 75% stake in UNEV Pipeline...

Holly Energy Partners (HEP) agrees to acquire HollyFrontier's (HFC) 75% stake in UNEV Pipeline for $315M, allowing HEP to continue its growth in tariff-based revenues and HFC to focus on its core operations. HFC also authorizes a $350M share buyback program. HFC +1.8% premarket.
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