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CVR Energy Nears $4 Billion Acquisition of Marathon Petroleum Refineries

The Wall Street Journal +3 · ·by G4L

MPC Marathon Petroleum Corp
$402.84 +3.41%
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CVI CVI +4.91% VLO +3.71% PSX +3.18%
  1. 1CVR Energy is close to completing a deal worth over $4 billion to acquire Marathon Petroleum's refineries.
  2. 2Carl Icahn controls CVR Energy, holding approximately 71% of the company's shares.
  3. 3If negotiations do not fail, the two companies plan to announce the deal on Tuesday morning.

So what's the key point?

CVR Energy has decided to buy Marathon Petroleum's refineries for more than $4 billion. If this deal is successfully completed, the company's size could increase.

Source The Wall Street Journal +3 · View original ↗

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