Delta Board Said To Sign Off On Refinery Deal -CNBC

Date : 04/16/2012 @ 4:19PM
Source : Dow Jones News
Stock : Delta Air Lines, Inc. (DAL)
Quote : 50.4  1.53 (3.13%) @ 4:49PM

Delta Board Said To Sign Off On Refinery Deal -CNBC

Delta Air Lines (NYSE:DAL)
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The Delta Air Lines Inc. (DAL) board of directors has signed off on the proposed acquisition of a ConocoPhillips (COP) refinery near Philadelphia, CNBC's Kate Kelly reported Monday.

The deal for the Trainer, Pa., refinery, could be worth $100 million to $125 million and may be signed as soon as this week, Kelly said.

J.P. Morgan Chase & Co. (JPM) has agreed to play a key role in the deal by buying crude oil and paying for shipping costs and the conversion into fuel and other products, according to a previous CNBC report.

Website: www.cnbc.com

-Dow Jones Newswires; 212-416-2900

 
 

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