Marathon Petroleum to acquire Andeavor for $23B

In Ohio, Marathon Petroleum agreed to acquire Andeavor (formerly Tesoro) for $23.3 billion, based on MPC’s April 27, 2018, closing price of $81.43. ANDV shareholders will have the option to choose 1.87 shares of MPC stock, or $152.27 in cash subject to a proration mechanism that will result in 15 percent of ANDV’s fully diluted … Continue reading Marathon Petroleum to acquire Andeavor for $23B