Sunday, February 2, 2025

It Just Makes Sense, Gary: John M. Fox Responds to Marathon’s $10 Billion Valuation

On Dec. 15, 2017 Marathon Petroleum Corp. (ticker: MPC) and MPLX LP (ticker: MPLX) announced a definitive agreement for MPC to exchange its general partner (GP) economic interests in MPLX, which include incentive distribution rights (IDRs), for 275 million newly issued MPLX common (LP) units valued at approximately $10.1 billion based on the volume-weighted average price of MPLX over the