07:51 AM EDT, 09/03/2024 (MT Newswires) -- Delek US Holdings ( DK ) said Tuesday its board of directors approved a $400 million increase in its share repurchase authorization, raising the total available for buybacks to around $562 million.

"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," Delek US's ( DK ) Chief Executive Officer Avigal Soreq was quoted in the statement as saying.

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