Sidley is advising the Conflicts Committee of the general partner of Andeavor Logistics LP in MPLX LP’s acquisition of Andeavor Logistics LP, a transaction with an equity value of approximately $9 billion. The transaction, which combines Marathon Petroleum Corporation’s two Master Limited Partnerships (MLPs), has been unanimously approved by MPLX’s and Andeavor’s respective Conflicts Committees and both Boards of Directors. Subject to the satisfaction of customary closing conditions and receipt of regulatory approvals, the transaction is expected to close in the second half of 2019.
The Houston-based Sidley team was led by Energy partners David Buck and George Vlahakos, with support from Energy associates John Stribling and Tanner Groce. The team also included Tax partner Angela Richards and Tax associate Mike Telford as well as Environmental partner Heather Palmer.