Marathon Petroleum, Andeavor Merger Deal to Close on Oct. 1

August 6, 2018

Marathon Petroleum (MPC) said late on Friday that its merger with Andeavor is expected to close on Oct. 1.

Both companies had said previously that the deal was expected to close in the second half of this year.

Andeavor and MPC stockholders will vote on the merger on Sept. 24.

OPIS reported in May that Andeavor would change its name to MPC when the $23.3 billion merger deal is completed, an Andeavor spokeswoman told OPIS.

"The combined company will be called Marathon Petroleum. ... The headquarters will be located in Findlay, Ohio, and the combined business will maintain an office in San Antonio," she said.

Both Tesoro and Western Refining had changed their company names to Andeavor on Aug. 1, 2017.

--Edgar Ang, eang@opisnet.com