PBF

PBF Energy to Release Third Quarter 2022 Earnings Results

Retrieved on: 
Friday, September 30, 2022
PBF Energy, Multimedia, Webcast, NYSE, PBF, Online shopping

PARSIPPANY, N.J., Sept. 30, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the third quarter 2022 on Thursday, October 27, 2022.

Key Points: 
  • PARSIPPANY, N.J., Sept. 30, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the third quarter 2022 on Thursday, October 27, 2022.
  • The company will host a conference call and webcast regarding quarterly results and other business matters on Thursday, October 27, 2022, at 8:30 a.m.
  • The call is being webcast and can be accessed at PBF Energy's website, http://www.pbfenergy.com .
  • PBF Energy Inc. (NYSE:PBF) is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger – GRRB, PZN, TMX, PBFX

Retrieved on: 
Monday, September 26, 2022
Investment management, NYSE, Securities Exchange Act of 1934, LLC, PZN, Rentokil Initial, Supreme court, Acquisition, Greenhouse effect (United States Supreme Court), Martindale-Hubbell, PBF, TMX, United States Court of Appeals for the Ninth Circuit, Private Securities Litigation Reform Act, Empire, Investment, OTC, Rising Star, Telephone, Security (finance), Mergers and acquisitions, First Bancorp, PBF Energy, Lawyer, Monteverde

Pzena Investment Management, Inc. (NYSE: PZN ), relating to its proposed merger with Pzena Investment Management, LLC.

Key Points: 
  • Pzena Investment Management, Inc. (NYSE: PZN ), relating to its proposed merger with Pzena Investment Management, LLC.
  • Under the terms of the merger, PZN shareholders are expected to receive $9.60 in cash per share they own.
  • We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing.
  • Also, in 2019 we recovered or secured six cash common funds for shareholders in mergers & acquisitions class action cases.

INVESTOR ALERT: The M&A Class Action Firm Launches Merger Inquiry - GRRB, PZN, TMX, PBFX

Retrieved on: 
Saturday, September 24, 2022
Investment management, NYSE, Securities Exchange Act of 1934, LLC, PZN, Supreme, Rentokil Initial, Acquisition, Greenhouse effect (United States Supreme Court), Martindale-Hubbell, PBF, TMX, United States Court of Appeals for the Ninth Circuit, Private Securities Litigation Reform Act, Investment, OTC, Telephone, Security (finance), Mergers and acquisitions, First Bancorp, PBF Energy, Lawyer, Monteverde

Pzena Investment Management, Inc. (NYSE: PZN), relating to its proposed merger with Pzena Investment Management, LLC.

Key Points: 
  • Pzena Investment Management, Inc. (NYSE: PZN), relating to its proposed merger with Pzena Investment Management, LLC.
  • Under the terms of the merger, PZN shareholders are expected to receive $9.60 in cash per share they own.
  • We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing.
  • Also, in 2019 we recovered or secured six cash common funds for shareholders in mergers & acquisitions class action cases.

The M&A Class Action Firm Continues Investigating the Merger – GRRB, PZN, TMX, PBFX

Retrieved on: 
Friday, September 23, 2022
Investment management, NYSE, Securities Exchange Act of 1934, LLC, PZN, Rentokil Initial, Supreme court, Acquisition, Greenhouse effect (United States Supreme Court), Martindale-Hubbell, PBF, TMX, United States Court of Appeals for the Ninth Circuit, Private Securities Litigation Reform Act, Empire, Investment, OTC, Telephone, Security (finance), GLOBE, Mergers and acquisitions, First Bancorp, PBF Energy, Lawyer, Monteverde

Pzena Investment Management, Inc. (NYSE: PZN ), relating to its proposed merger with Pzena Investment Management, LLC.

Key Points: 
  • Pzena Investment Management, Inc. (NYSE: PZN ), relating to its proposed merger with Pzena Investment Management, LLC.
  • Under the terms of the merger, PZN shareholders are expected to receive $9.60 in cash per share they own.
  • We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing.
  • Also, in 2019 we recovered or secured six cash common funds for shareholders in mergers & acquisitions class action cases.

PBF Energy to Participate in Industry Conferences

Retrieved on: 
Friday, September 2, 2022
PBF, Conference, Partnership, NYSE, Barclays

PARSIPPANY, N.J., Sept. 2, 2022 /PRNewswire/ --PBF Energy Inc. (NYSE: PBF) today announced that members of its management team will participate in the Barclays Energy-Power Conference on September 7, 2022 and the Wells Fargo Leveraged Finance Conference on September 8, 2022.

Key Points: 
  • PARSIPPANY, N.J., Sept. 2, 2022 /PRNewswire/ --PBF Energy Inc. (NYSE: PBF) today announced that members of its management team will participate in the Barclays Energy-Power Conference on September 7, 2022 and the Wells Fargo Leveraged Finance Conference on September 8, 2022.
  • PBF Energy Inc. (NYSE: PBF) is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio.
  • Our mission is to operate our facilities in a safe, reliable and environmentally responsible manner, provide employees with a safe and rewarding workplace, become a positive influence in the communities where we do business, and provide superior returns to our investors.
  • PBF Energy Inc. also currently indirectly owns the general partner and approximately 48% of the limited partnership interest of PBF Logistics LP (NYSE: PBFX).

Governor To Decide Whether To Require Oil Refiners To Disclose Profits Per Gallon Monthly, Says Consumer Watchdog

Retrieved on: 
Wednesday, August 31, 2022
Poverty, Chevron, Friends, Pain, Food & Water Watch, Phillips, Consumer Watchdog, Environmental Health (journal), Consumer Federation of America, California Senate Bill 535 (2012), Marathon, Court, The FracTracker Alliance, Environment, Justice, PBF, Gasoline, Greenpeace USA, Industry, Southern California, Online gambling, Propane, CALPIRG

SB 1322 (Allen) requires the oil refiners to disclose monthly their refining profits -- the difference between average cost they pay for a barrel crude oil and the average price they charge for the finished barrel of gasoline. With 42 gallons in a barrel, the public will know exactly how much oil refiners make per gallon of gas in California. 

Key Points: 
  • SB 1322 (Allen) requires the oil refiners to disclose monthly their refining profits -- the difference between average cost they pay for a barrel crude oil and the average price they charge for the finished barrel of gasoline.
  • With 42 gallons in a barrel, the public will know exactly how much oil refiners make per gallon of gas in California.
  • "Consumers deserve to know how much oil refiners are making off their pain at the pump," said Jamie Court, president of Consumer Watchdog.
  • "Recent quarterly profit reports suggest California oil refiners are pocketing more than $1 per gallon off the recent price spikes at the pump.

Legislation Requiring Oil Refiners To Disclose Profits Per Gallon Monthly Clears CA Assembly

Retrieved on: 
Tuesday, August 30, 2022
Consumer Watchdog, PBF, Court, Gasoline, Chevron, California Assembly Bill 1215 (2011), Pain, Legislation, Industry, California State Assembly, Phillips, California Senate Bill 32, Marathon

SB 1322 (Allen) requires the oil refiners to disclose monthly their refining profits -- the difference between average cost they pay for a barrel crude oil and the average price they charge for the finished barrel of gasoline. With 42 gallons in a barrel, the public will know exactly how much oil refiners make per gallon of gas in California. Californians are paying $1.25 more gallon for their gasoline than the average US driver. Environmental costs add about 60 cents per gallon. 

Key Points: 
  • LOS ANGELES, Aug. 30, 2022 /PRNewswire/ -- A bill requiring oil refiners to disclose their per gallon profits monthly passed out of the California Assembly by a vote of 42 - 23.
  • SB 1322 (Allen) requires the oil refiners to disclose monthly their refining profits -- the difference between average cost they pay for a barrel crude oil and the average price they charge for the finished barrel of gasoline.
  • With 42 gallons in a barrel, the public will know exactly how much oil refiners make per gallon of gas in California.
  • "Recent quarterly profit reports suggest California oil refiners are pocketing more than $1 per gallon off the recent price spikes at the pump.

CA's Big 5 Oil Refiner Profits Top $26 Billion, $1 Per Gallon; Watchdog To Make Case For Profits Disclosure Bill And Windfall Profits Tax To Assembly Gas Pricing Committee

Retrieved on: 
Wednesday, August 10, 2022
PBF Energy, Multimedia, Disclosure, Face, Consumer Watchdog, Valero, Pain, Senate, Court, Gasoline, MID, Phillips 66, Assembly, Gulf, Big Oil, Marathon Petroleum, Jamie Court, Gulf Coast of the United States, Chevron, PBF, Oil

"The latest reports show that Big Oil took advantage of higher prices to make record profits off of already-squeezed drivers," said Senator Ben Allen.

Key Points: 
  • "The latest reports show that Big Oil took advantage of higher prices to make record profits off of already-squeezed drivers," said Senator Ben Allen.
  • "I'm hopeful that my colleagues will see the wisdom of our bill SB1322 that will shed more light on the oil pricing process.
  • Special thanks go out to Consumer Watchdog for its dogged focus on this important issue."
  • The special committee meets at about noon following the adjournment of the Assembly Appropriations Committee.

PBF LOGISTICS LP ALERT: Bragar Eagel & Squire, P.C. Investigates Merger of PBFX and Encourages Investors to Contact the Firm

Retrieved on: 
Friday, July 29, 2022
Squire, Acquisition, PBF, NYSE, PBF Energy, Telephone, GLOBE, Learning, P.C, Property management

On July 28, 2022, PBF Logistics announced that it had entered into an agreement to be acquired by PBF Energy in a cash and stock deal.

Key Points: 
  • On July 28, 2022, PBF Logistics announced that it had entered into an agreement to be acquired by PBF Energy in a cash and stock deal.
  • Pursuant to the merger agreement, each outstanding common unit of PBF Logistics that PBF Energy does not already beneficially own will be converted into 0.270 shares of PBF Energy Class A common stock and $9.25 in cash, without interest.
  • Bragar Eagel & Squire is concerned that PBF Logistics board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
  • Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for PBF Logistics stockholders.

PBFX Stock Alert: Halper Sadeh LLP Is Investigating Whether the Sale of PBF Logistics LP Is Fair to Shareholders

Retrieved on: 
Thursday, July 28, 2022
Class Action Lawsuit, Professional Services, Legal, Fraud, Sale, PBF, NYSE, PBF Energy, Logistics, Advertising, Security (finance)

Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of PBF Logistics LP (NYSE: PBFX) to PBF Energy Inc. for 0.270 shares of PBF Energy Class A common stock and $9.25 in cash, without interest, is fair to PBF Logistics shareholders.

Key Points: 
  • Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of PBF Logistics LP (NYSE: PBFX) to PBF Energy Inc. for 0.270 shares of PBF Energy Class A common stock and $9.25 in cash, without interest, is fair to PBF Logistics shareholders.
  • The investigation concerns whether PBF Logistics and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for PBF Logistics shareholders; (2) determine whether PBF Energy is underpaying for PBF Logistics; and (3) disclose all material information necessary for PBF Logistics shareholders to adequately assess and value the merger consideration.
  • On behalf of PBF Logistics shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
  • Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.