Delek US approve a $400M increase in its share repurchase authorization

Delek US Holdings announced that its Board of Directors approved a $400 million increase in its share repurchase authorization, bringing the total amount available for repurchases under current authorizations to approximately $562 million. Avigal Soreq, President and Chief Executive Officer of Delek US, stated, “Generating value for our shareholders is a key priority and the enhanced share repurchase authorization reflects our desire to deliver increased cash returns to our shareholders. We see a lot of value in our equity and, subject to market conditions, we will continue to use share buybacks to return incremental value to our shareholders.”