Cases & Deals

Marathon Petroleum proposed to separate into three separate publicly traded entities

Clients Marathon Petroleum Corporation

Jones Day is advising Marathon Petroleum Corporation ("MPC") in connection with a proposal from Elliott Management Corporation to separate MPC into three separate publicly traded entities: (i) Speedway (Retail), (ii) MPLX (Midstream), and (iii) New Marathon (Refining). On September 25, 2019, Elliott sent a letter and presentation to Marathon’s board of directors detailing the proposed separation of MPC.

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