NEW YORK, May 4 /PRNewswire/ -- VDM Specialists, LLC today announced that it has commenced managing the trading of Delek US Holdings, Inc. , a diversified energy business focused on petroleum refining and supply and on retail marketing, on the New York Stock Exchange (NYSE). The initial public offering (IPO) involved the sale of 10 million shares, priced at $16, raising $160 million for the company before deduction of underwriting discounts and commissions and offering expenses.
Delek's appointment of VDM Specialists underscores VDM's commitment to client service and execution quality.
"VDM has a long history of bringing market quality to the stocks it trades," said Robert Fagenson, CEO of VDM Specialists, LLC. "Delek Holdings, with its Tyler, Texas refinery and 349 company operated gas stations and retail convenience stores in the US, is a valuable addition to our family of NYSE-listed companies."
"VDM Specialists is one of the leading specialist firms on the New York Stock Exchange," said Ezra Uzi Yemen, CEO, Delek US Holdings. "We are pleased to be working with them and are confident that they will provide us with the superior service and ongoing support for which they are well known."
Delek Holdings plans to use the proceeds from its IPO to pay back debt, fund future acquisitions, capital improvements to its refinery and retail stores, construction of new retail stores and general corporate purposes.
About Delek US Holdings, Inc.
Founded in 2001, Delek US Holdings, Inc. is a diversified energy business focused on petroleum refining and supply and on retail marketing. Delek US Holdings' refining segment operates a high conversion, moderate complexity independent refinery in Tyler, Texas. The company's retail segment markets gasoline, diesel and other refined petroleum products and convenience merchandise through a network of 349 company-operated retail fuel and convenience stores. Delek US Holdings also operates a wholesale fuel distribution operation. The company is principally owned by Delek Group, a business conglomerate in Israel with a focus on fuel supply. For more information on Delek US Holdings, Inc. please visit http://www.delekus.com/.
About VDM Specialists, LLC
As one of the largest specialist firms on the NYSE, VDM Specialists represents over 400 leading issues including Pfizer (PFE), Hewlett-Packard (HPQ), Disney (DIS), and Tiffany & Co. (TIF). VDM Specialists is part of publicly traded Van der Moolen Holdings NV and one of the last independent specialists on the NYSE. For more information about VDM Specialists, please visit http://www.vdm-usa.com/.
