Andeavor Announces $35.6 Billion Merger Agreement with Marathon Petroleum

Overview

On Monday, April 30, Andeavor announced that it will be acquired by Marathon Petroleum Corporation for a total enterprise value of $35.6 billion, in a deal that will create the largest oil refiner in the U.S. Andeavor retained an S&C team led by Frank Aquila and Audra Cohen as its outside counsel.