Delek’s majority owner with well-timed vote of confidence

By Geert De Lombaerde Posted on December 23, 2009 at 8:55 am

Israel-based Delek Group last week bought more than 120,000 shares of Delek US, the parent of Mapco and other gas station brands in the Southeast. The purchases lifted the holding company’s stake in its U.S. arm to 74 percent and took place after the stock had fallen below $6, its lowest level since January. Since then, though, Delek (Ticker: DK) has rebounded 15 percent — and continued to rise after hours Tuesday — adding to 2009 gains that are nearing 30 percent.

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Tags: 5% owners, Delek Group Ltd., Delek US Holdings Inc., energy, insider trades, retail  

Delek’s majority owner adds to stake

By Geert De Lombaerde Posted on August 25, 2009 at 6:48 am

The shares of Delek US, which are changing hands at half their May 2006 IPO price, are apparently cheap enough for its parent company to buy more. Delek Group Ltd., which already owns more than 70 percent of Brentwood-based Delek US, bought another 65,000-odd shares of the company (Ticker: DK), spending about $525,000.

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Tags: 5% owners, Delek Group Ltd., Delek US Holdings Inc., energy, insider trades