ANDEAVOR INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Andeavor
NEW ORLEANS, April 30, 2018 /PRNewswire/ — Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC («KSF») are investigating the proposed sale of Andeavor («Andeavor») (NYSE: ANDV) to Marathon Petroleum Corp. («Marathon») (NYSE: MPC). Under the terms of the proposed transaction, shareholders of Andeavor will only have the option to receive 1.87 shares of Marathon common stock or $152.27 in cash for each share of Andeavor common stock that they own, subject to a proration mechanism that will result in 15 percent of Andeavor’s fully diluted shares receiving cash consideration. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-andv/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC