One-Page Deal Sheet
Marathon Petroleum, MarkWest to Join Forces in Deal Worth $20B
Marathon Petroleum Corporation Markwest Energy Partners, L.P.
Announced Date
July 13,2015
Transaction Type
Corporate
Transaction Details: Subscribe to see
Marathon Petroleum Corporation has signed a definitive merger agreement with MarkWest Energy Partners, L.P. whereby MarkWest would become a wholly owned subsidiary of MPLX.
The merger would be a unit-for-unit transaction, generally expected to be tax-free, plus a one-time cash payment to MarkWest unitholders, that implies an enterprise value for MarkWest of approximately $20 billion, including the assumption of debt of approximately $4.2 billion, as of the close of trading on Friday, July 10, 2015. MPC would contribute $675 million of cash to MPLX to fund the one-time cash payment.
MarkWest…
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|---|---|---|---|---|---|
| Oct-22-2019 |
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| Sep-18-2019 |
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| Jul-03-2019 |
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