PBF Energy (PBF) Stock Jumping in After-Hours Trading on Exxon Refinery Deal

NEW YORK (TheStreet) -- Shares of PBF Energy  are higher by 7.07% to $29.98 on heavy volume in after-hours trading on Thursday afternoon, after the petroleum refiner announced that its subsidiary has agreed to purchase Chalmette Refining, LLC, from ExxonMobil and PDV Chalmette, LLC for $322 million. "The acquisition of the Chalmette Refinery, and its associated logistics assets, represents a significant step in the strategic growth of PBF Energy and PBF Logistics. Upon completion, we will have ...