Print | Email Page

Marathon Petroleum acquires Andeavor in deal valued at $23.3 billion

April 2018

Jones Day is advising Marathon Petroleum Corp. (NYSE: MPC) in its acquisition of Andeavor (NYSE: ANDV) to create a leading U.S. refining, marketing, and midstream company. Marathon will acquire all of Andeavor's outstanding shares, representing a total equity value of $23.3 billion and a total enterprise value of $35.6 billion.

The transaction was unanimously approved by the board of directors of both companies and is expected to close in the second half of 2018, subject to regulatory and other customary closing conditions.

For additional information about this matter, please contact: James P. Dougherty, Benjamin L. Stulberg, Lyle G. Ganske

Client(s): Marathon Petroleum Corporation