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

(Reuters) - U.S. oil refiner Phillips 66 (NYSE:PSX ) 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.

Source: Investing.com