Cases & Deals

Marathon Petroleum announces modified Dutch auction tender offer to purchase up to $4.0 billion of its outstanding Common Stock

Clients Marathon Petroleum Corporation

Jones Day advised Marathon Petroleum Corp. (MPC) in its "modified Dutch auction" tender offer to purchase up to $4.0 billion of shares of its Common Stock at a price not greater than $63.00 and not less than $56.00 per share of Common Stock, to the tendering shareholder in cash. The offer is being made as part of MPC's announced $10.0 billion share repurchase program.