Delek’s majority owner adds to stake

By Geert De Lombaerde Posted on August 25, 2009 at 6:48 am

The shares of Delek US, which are changing hands at half their May 2006 IPO price, are apparently cheap enough for its parent company to buy more. Delek Group Ltd., which already owns more than 70 percent of Brentwood-based Delek US, bought another 65,000-odd shares of the company (Ticker: DK), spending about $525,000.

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Tags: 5% owners, Delek Group Ltd., Delek US Holdings Inc., energy, insider trades