We Give Shareholders a Voice
Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Andeavor Logistics LP (NYSE: ANDX) to MPLX LP (NYSE: MPLX). Under the terms of the transaction, Andeavor shareholders will receive 1.135 common units of MPLX for each common unit held. In addition, Marathon Petroleum Corporation (NYSE: MPC) will receive 1.0328 common units for each Andeavor share held. Andeavor’s General Partner and a Marathon Petroleum subsidiary, which collectively represent approximately 64% of Andeavor’s common units, have agreed to deliver written consents approving of the transaction.
The Andeavor merger investigation concerns whether the Board of Andeavor breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether MPLX LP is underpaying for Andeavor shares, thus unlawfully harming Andeavor shareholders.
To receive more information, please fill out the form.