Pipeline IPO in the Works
Analysts have recently been talking about the possibility of a pipeline IPO. According to the news outlets, Marathon may be directly involved in the whole plan. Let’s find out some of the important details from Nima Baiati.
:On Wednesday (February 1) Marathon Petroleum Corp. (MPC), the unit that was spun off from Marathon Oil Corp. (MRO), announced that it may itself spin off its pipeline and logistical assets sometime in the second half of 2012. The company, which consists of the downstream operations of Marathon Oil Corp., is under increasing pressure to increase shareholder value, namely by New York-based hedge fund Jana Partners LLC, who currently hold a 5.5% stake in MPC."
Read the entire article here: http://turnkeyoil.com/2012/02/03/pipeline-ipo-in-the-works/