Getting your player ready...
Delta Petroleum Corp., a Denver-based energy producer, said its shareholders approved the planned acquisition of 36 million shares for $684 million by Kirk Kerkorian’s Tracinda Corp.
Delta’s board of directors was increased from 11 to 15, the company said Tuesday in a statement. Delta’s common stock outstanding after the transaction will be about 102 million shares, it said. Closing is expected today.
Tracinda agreed to the investment in December.
