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Marathon Petroleum acquires Andeavor in deal valued at $23.3 billion

October 2018

Jones Day advised Marathon Petroleum Corp. (NYSE: MPC) in connection with the acquisition and related financing of Andeavor (NYSE: ANDV) to create a leading U.S. refining, marketing, and midstream company. Marathon acquired all of Andeavor's outstanding shares, representing a total equity value of $23.3 billion and a total enterprise value of $35.6 billion.

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

Client(s): Marathon Petroleum Corporation