Market Incident
Public · Developing
AI compiled from Infoway · 13 analyzed stories
CVR Near Deal to Buy Refineries From Marathon Petroleum, Sources Say — WSJ
CVR Energy is close to a deal to buy refineries from Marathon Petroleum, according to sources cited by The Wall Street Journal. The report gives no purchase price or timetable for the transaction.
Published:
Updated:
What happened
CVR Energy signed an agreement to buy Marathon Petroleum’s St. Paul Park and Mandan refineries and related marketing assets. The reported price is about $4.2 billion, plus net working capital. The two refineries have combined capacity of about 177,000 barrels per day.
Global impact / market context
The agreement would move two refineries and related business from Marathon to CVR. For investors, the stated price and the assets changing hands are known, but the supplied facts do not say what the deal means for either company’s results.
What to watch
- Check whether the agreement is completed, because the supplied facts confirm a signed agreement but do not say the sale has closed.
- Check the final purchase amount and net working capital, because the stated price is about $4.2 billion plus net working capital.
- Check which refinery and marketing assets are included, because the agreement covers two named refineries and related marketing assets.
Affected assets
- CVR Energy, Inc.
- Marathon Petroleum Corporation
Evidence
- Infoway News — CVR Energy to Use Proceeds to Fund Acquisition of Minnesota, North Dakota Refineries From Marathon Petroleum >CVI
- Infoway News — Marathon Makes Major $4.2 Billion Refinery Sale
- Infoway News — Carl Icahn Nears Massive $4 Billion Energy Deal
- Infoway News — CVR Energy Files 8K - Entry Into Definitive Agreement >CVI
- Infoway News — Marathon Petroleum to Sell Minnesota, North Dakota Refineries to CVR
- Infoway News — CVR Energy Announces Transformative Transaction to Acquire 2 Refineries and Marketing Platform From Marathon Petroleum
- Infoway News — CVR Energy nears more than $4 billion deal for Marathon's refineries, WSJ reports
- Infoway News — Carl Icahn's CVR Energy reportedly nears $4B deal to acquire Marathon refineries
- Infoway News — CVR Energy nears more than $4 billion deal for Marathon refineries, WSJ reports
- Infoway News — Carl Icahn's CVR Energy Near Over $4 Billion Deal For Marathon Refineries - WSJ
- Infoway News — CVR Deal With Marathon Could Come Tuesday, Sources Say — WSJ
- Infoway News — CVR Deal With Marathon Worth About $4B Including Debt, Sources Say — WSJ
- Infoway News — CVR Near Deal to Buy Refineries From Marathon Petroleum, Sources Say — WSJ
- Incident timeline — CVR Energy to Use Proceeds to Fund Acquisition of Minnesota, North Dakota Refineries From Marathon Petroleum >CVI
- Incident timeline — Marathon Makes Major $4.2 Billion Refinery Sale
- Incident timeline — Carl Icahn Nears Massive $4 Billion Energy Deal
- Incident timeline — CVR Energy Files 8K - Entry Into Definitive Agreement >CVI
- Incident timeline — Marathon Petroleum to Sell Minnesota, North Dakota Refineries to CVR
- Incident timeline — CVR Energy Announces Transformative Transaction to Acquire 2 Refineries and Marketing Platform From Marathon Petroleum
- Incident timeline — CVR Energy nears more than $4 billion deal for Marathon's refineries, WSJ reports
- Incident timeline — Carl Icahn's CVR Energy reportedly nears $4B deal to acquire Marathon refineries
- Incident timeline — CVR Energy nears more than $4 billion deal for Marathon refineries, WSJ reports
- Incident timeline — Carl Icahn's CVR Energy Near Over $4 Billion Deal For Marathon Refineries - WSJ
- Incident timeline — CVR Deal With Marathon Could Come Tuesday, Sources Say — WSJ
- Incident timeline — CVR Deal With Marathon Worth About $4B Including Debt, Sources Say — WSJ
- Incident timeline — CVR Near Deal to Buy Refineries From Marathon Petroleum, Sources Say — WSJ