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Sunday 31 January 2016
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Active Stocks Investor’s Alert: Holly Frontier Corp (NYSE:HFC), Broadcom Corporation (NASDAQ:BRCM), Best Buy Co Inc (NYSE:BBY)

On Thursday, Shares of Holly Frontier Corp (NYSE:HFC), gained 0.20% to $39.89.

HollyFrontier Corporation (HFC) declared that planned fourth quarter maintenance on the El Dorado and Cheyenne Distillate Hydrotreating units and the Tulsa West Crude and Lubricants units was complete. During the quarter, the Tulsa refinery also practiced an unplanned shutdown of its Fluid Catalytic Cracking Unit (FCCU). Repairs have been accomplished and the FCCU has successfully restarted. Extreme weather conditions in New Mexico have also influenced crude rate at the Navajo Refinery due to crude availability constraints. As a result of the weather and both planned and unplanned maintenance, HollyFrontier Corporation anticipates crude oil throughput for the fourth quarter 2015 to average between 395,000 and 405,000 barrels per day.

HollyFrontier Corporation operates as an independent petroleum refiner in the United States. The company operates in two segments, Refining and HEP. It produces high-value refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, liquid petroleum gas, fuel oil, and specialty and modified asphalt.

Shares of Broadcom Corporation (NASDAQ:BRCM), declined -0.69% to $57.82, during its last trading session.

Broadcom Corporation, declares that it is offering to purchase for cash any and all of its outstanding (a) $500,000,000 2.700% Senior Notes due 2018 (the “2018 Notes”), (b) $500,000,000 2.500% Senior Notes due 2022 (the “2022 Notes”), (c) $350,000,000 3.500% Senior Notes due 2024 (the “2024 Notes”) and (d) $250,000,000 4.500% Senior Notes due 2034 (the “2034 Notes” and, together with each of the 2018 Notes, the 2022 Notes and the 2024 Notes, the “Notes” and each, a “Series of Notes”) from holders of the Notes (collectively, “Holders”), as further described in the Offer to Purchase and Consent Solicitation Statement dated as of December 30, 2015 (the “Offer Document”) to be distributed to Holders. The offers to purchase the 2018 Notes, 2022 Notes, 2024 Notes and 2034 Notes are collectively referred to herein as the “Tender Offers.” Capitalized terms used but not otherwise defined in this press release shall have the meanings given to them in the Offer Document.

In conjunction with the Tender Offers, the Company is soliciting from the Holders of each Series of Notes consents and waivers (collectively, the “Consents and Waivers”) with respect to the rights of Holders to require the Company to make a Change of Control Offer as a result of the Transactions and with respect to any defaults that might result from the consummation of the Transactions and to certain additional projected amendments to the base indenture dated as of November 1, 2010, as amended by the supplemental indenture thereto with respect to each Series of Notes. The solicitation of Consents and Waivers with respect to each Series of Notes is collectively referred to herein as the “Consent Solicitation.” “Transactions,” as defined in the Offer Document, refers generally to the transactions contemplated by the Agreement and Plan of Merger, dated as of May 28, 2015, reached by and among Avago Technologies Limited (“Avago”), Broadcom and certain other parties (as amended to date, the “Merger Agreement”).

Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. The company operates in two segments: Broadband and Connectivity, and Infrastructure and Networking.

Finally, Best Buy Co Inc (NYSE:BBY), ended its last trade with -0.03% loss, and closed at $30.45.

Consumers who scored some of the $26 billion in gift cards given this past holiday are in luck.

Gift cards for consumer electronics were among the most popular gifts this year, and Best Buy is making it easy to transform them into the goodies of people’s dreams with great deals on top products.

Shoppers can enjoy savings on popular tech, accessories and appliances 24/7 on BestBuy.com and when stores open at 10 a.m. Offers comprise up to 30 percent off select tech, plus up to 50 percent off clearance, open-box products and more. Select Apple products are also on sale, with the lowest prices of the season on Apple Watch, iPad and MacBook.

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States and internationally. Its stores offer consumer electronics consisting primarily of television and home theaters; digital cameras and camcorders; DVD and Blu-ray players; portable electronics, such as MP3 devices, headphones and speakers, car stereo, navigation and satellite radio; and related accessories.