tradingkey.logo

Oil refiner Phillips 66 plans to acquire EPIC NGL in $2.2 bln deal

ReutersJan 7, 2025 12:10 AM

Jan 6 (Reuters) - U.S. oil refiner Phillips 66 PSX.N said on Monday it will acquire EPIC Y-Grade GP and EPIC Y-Grade in an all-cash deal for $2.2 billion.

The transaction is expected to be immediately accretive to earnings per share upon close, it added.

(Reporting by Devika Nair in Bengaluru; Editing by Rashmi Aich)


Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI