With drivers beginning to take note of rising prices at the pump, Marathon Petroleum is looking at expanding their reach west of the Mississippi.
The Findlay based company is buying the refinery and pipeline owner Andeavor for more than $23 billion dollars. Marathon has operations concentrated in the east, while Andeavor, which is based in San Antonio, Texas has operations in the west. Shareholders of Marathon Petroleum Corporation will own about 66 percent of the combined company, with Andeavor shareholders owning the rest.
Headquarters will be in Findlay, but the combined company will maintain a presence in San Antonio. The deal is targeted to close in the second half of the year.
