Alon USA Energy, Inc. ("Alon USA") refines and markets petroleum products. The Company provides asphalt, emulsions, cutbacks, and tire rubber products.

According to a law firm press release, on January 3, 2017, Alon USA and Delek jointly announced that it had reached a definitive Agreement and Plan of Merger where Delek will acquire the remaining fifty-three percent of Alon’s outstanding common stock not already owned by Delek, constituting an implied enterprise value of $675 million. Alon stockholders will receive 0.504 Delek shares, representing an implied value of $12.13 per share (the “Merger Consideration”).

The Complaint alleges that the Merger Consideration and the process by which Defendants agreed to consummate the Proposed Merger are fundamentally unfair to Alon USA’s public shareholders in view of the Company’s recent financial success and prospects for future growth.

This case was voluntarily dismissed as moot on July 5, 2017.