Cases
Andeavor (NYSE: ANDV)
Merger
Overview
Overview
- Date:
- 4/30/2018
- Company Name:
- Andeavor
- Stock Symbol:
- ANDV
- Status:
- Closed/Complete
NEW YORK, April 30, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Andeavor (NYSE: ANDV) stockholders concerning the proposed acquisition of the company by Marathon Petroleum Corp. (NYSE: MPC).
Our investigation concerns whether Andeavor’s board of directors failed to adequately shop the Company and obtain the best possible value for its stockholders before entering into a definitive merger agreement with Marathon. Under the terms of the agreement, Andeavor stockholders will have the option to choose 1.87 shares of MPC stock, or $152.27 in cash subject to a proration mechanism that will result in 15 percent of ANDV's fully diluted shares receiving cash consideration.
If you own Andeavor shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
Our investigation concerns whether Andeavor’s board of directors failed to adequately shop the Company and obtain the best possible value for its stockholders before entering into a definitive merger agreement with Marathon. Under the terms of the agreement, Andeavor stockholders will have the option to choose 1.87 shares of MPC stock, or $152.27 in cash subject to a proration mechanism that will result in 15 percent of ANDV's fully diluted shares receiving cash consideration.
If you own Andeavor shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.