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

|About: Holly Energy Partners, L.P. (HEP)|By:, SA News Editor

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.