Marathon Petroleum $23 billion acquisition of Andeavor

30/4/2018

Public acquisition

Value:

$ 23.3 billion

Status:

Announced

Date:

30/4/2018

Overview:

Marathon Petroleum has acquired Andeavor in a $23 billion deal.
If it closes, this would be the largest-ever acquisition of an oil refiner.
Goldman Sachs acted as financial adviser for Andeavor and Barclays acted for Marathon.
The transaction is expected to close in the second half of 2018.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Oil and gas

Firms:

Cleary Gottlieb Steen & Hamilton

Party: Goldman Sachs (Financial adviser)

Jones Day

Party: Marathon Petroleum (Acquirer)

Lawyers: Benjamin Stulberg, Lyle Ganske

Sullivan & Cromwell

Party: Andeavor (Target)

Lawyers: Audra Cohen, Frank Aquila

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