Marathon Petroleum pipelines unit files IPO
MPLX LP, the pipelines and storage subsidiary of Marathon Petroleum Corporation, has filed plans to list its common units on the New York Stock Exchange, worth an expected $365 million, according to...
View ArticleMPLX to buy MarkWest Energy Partners for about $15.8 billion
The proposed deal combines the largest processor of gas in the Marcellus and Utica shale regions of Pennsylvania and Ohio with a growing oil and refined products partnership, according to the statement.
View ArticleMarathon Petroleum offers sweetener in pending MarkWest acquisition
Marathon Petroleum Corp. has upped the cash offer by $400 million in its pending, multibillion-dollar acquisition of Denver-based MarkWest Energy Partners. Marathon was prompted to offer the cash...
View ArticleMarathon ups “final offer” for MarkWest, bringing deal to $1.28 billion
The move Tuesday comes just a week after Marathon offered a separate $400 million cash sweetener to the deal that has faced some investor resistance and tumbling stock values for both Marathon's...
View ArticleInvestors approve MarkWest acquisition by Marathon Petroleum spinoff
The deal is expected to close Friday with Marathon making an analyst and investor presentation touting the deal on Thursday.
View ArticleMarathon Petroleum profits dip more than 75 percent
The Pennsylvania-based refining and pipeline company reported a $168 million net income gain for the final three months of the year, down from $805 million.
View ArticleMarathon affiliate buys Enbridge pipeline for $220 million
Marathon Petroleum’s pipeline affiliate, MPLX, said it will buy an Oklahoma-to-Illinois pipeline system from Enbridge for $220 million. Ohio-based MPLX will take over the 433-mile crude oil pipeline...
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