Sept. 24–The shareholders of two of the largest U.S. refiners have voted to approve the merger to create the country’s largest oil refiner.
Shareholders of San Antonio-based Andeavor and Findlay, Ohio-based Marathon Petroleum Corp. voted Monday during separate meetings, Andeavor said.
Marathon, which is currently the second largest U.S. refiner, will pay $23.3 billion for Andeavor, which is No. 5. Including debt, the deal is valued at $35.6 billion.
The combined company would make the largest U.S. refiner, surpassing San Antonio-based Valero Energy Corp., and retain the Marathon name.
(c)2018 the San Antonio Express-News
Visit the San Antonio Express-News at www.mysanantonio.com
Distributed by Tribune Content Agency, LLC.