Andeavor (ANDV)

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Refiners Join Forces: Marathon to Acquire Andeavor for $23 Billion

Deal will create the largest U.S. refiner
Marathon Petroleum Corp. (ticker: MPC) and Andeavor (ticker: ANDV) have entered into a definitive merger agreement under which MPC will acquire all of ANDV's outstanding shares, representing a total equity value of $23.3 billion and total enterprise value of $35.6 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% of ANDV's fully diluted...

Source:
https://www.oilandgas360.com/refiners-join-marathon-to-acquire-andeavor-for-23-billion/

Marker:
Andeavor (ANDV)
$144.68 down -0.12 (-0.08%)
Volume: 1,468,652