Report
Stephen Ellis
EUR 100.00 For Business Accounts Only

Andeavor Logistics Has Agreed to Be Acquired by MPLX

A bit more than seven months after the acquisition of Andeavor by Marathon, we finally have the long-awaited acquisition of Andeavor Logistics by MPLX. We had noted several times previously than we expected a combination, given parent Marathon's ownership of 64% (63% post-merger) of both entities and the need to simplify. We had also expected a very limited premium to be offered, given public unitholders would have virtually no standing to object, which also turned out to be the case, with a ble...
Underlying
Andeavor Logistics LP

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Stephen Ellis

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