Marathon Petroleum, Andeavor Holders Approve Merger Deal
24 September 2018 - 7:38PM
Dow Jones News
By Michael Dabaie
Shareholders of Marathon Petroleum Corp. (MPC) and Andeavor
(ANDV) Monday approved the deal for Marathon to acquire
Andeavor.
At special meetings, Marathon shareholders approved a share
issuance in conncection with the deal, while Andeavor shareholders
approved the merger plan.
Marathon shareholders didn't approve the company's proposal to
increase the size of its board by two members.
Marathon Petroleum in April agreed to buy pipeline and refining
company Andeavor for $23.3 billion.
Shares of Marathon Petroleum were up 3.2% at $86.04, while
Andeavor was up 3.1% at $159.46.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
September 24, 2018 13:23 ET (17:23 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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