One-Page Deal Sheet
Marathon Petroleum to Aquire Andeavor in $23.3B Mega-Deal
Marathon Petroleum Corporation Andeavor
Announced Date
April 30,2018
Transaction Type
Corporate
Location
Region
United States,Williston Basin,Northeast,Permian
Country
United States
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[Summary: Marathon Petroleum (MPC) has inked a deal to acquire Andeavor for $23.3 billion, creating a giant midstream/downstream company.
The headquarters will be located in Findlay, Ohio, and the combined business will maintain an office in San Antonio, Texas
Midstream: Expands the business' growth platform and particularly enhances footprint in the attractive Permian basin: Building on MPC's strong footprint in the Marcellus, the combined company's expanded presence in the Permian and Bakken regions significantly increases MPC's midstream growth opportunities. MPC's midstream business will…