We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Holly Energy Partners, L.P. (“Holly Energy” or the “Company”) (NYSE: HEP), in connection with its proposed acquisition by HF Sinclair Corporation (NYSE: DINO).  Under the terms of the merger agreement, the Company’s unitholders will receive $4.00 in cash plus 0.315 shares of HF Sinclair common stock for each common unit of Holly Energy owned, representing implied per-unit consideration of $21.57 based upon HF Sinclair’s August 15, 2023 closing price of $55.77.

Weiss Law is investigating whether (i) Holly Energy’s board acted in the best interests of Company unitholders in agreeing to the merger, (ii) the merger consideration adequately compensates Holly Energy’s unitholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.

Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com