Marathon and Andeavor On Track For Merger, Shareholder Meetings

August 9, 2018

 

Marathon Petroleum Corp. says its stockholders will meet at the same time and on the same date as it’s proposed merger partner in two separate locations.

Andeavor‘s stockholders will meet at 9 am Central Time on September 24th in San Antonio, with Marathon’s meeting to take place in Findlay, Ohio.

Both groups are expected to vote on a $35 billion deal announced in April in which Marathon will buy Andeavor, forming the largest US refiner.

Both companies maintain a large presence in retail marketing, with Marathon operating more than 2,700 Speedway convenience stores, according to Convenience Store News, and Andeavor operating more than 3,200 stores using well-known brands such as Shell, Exxon and Mobil.