Parsippany-based PBF Energy Inc., one of the largest refiners in North America, announced Thursday it has priced its secondary offering of 18 million shares of its Class A common stock.
The offering has been supported by funds affiliated with The Blackstone Group and First Reserve Management L.P. The total gross proceeds for the offering are priced at $540 million.
Selling stockholders will receive all of the proceeds of the offering, which is expected to close on or about June 17.
Citigroup and Deutsche Bank Securities are the underwriters for the offering.
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