Tag Archives: Speedway

It’s Not A Sprint- Speedway To Remain Part Of Marathon Petroleum(MPC) With Elliott’s Support

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In January, under pressure from Elliott Management, Marathon Petroleum(MPC) announced a formal review of the company’s strategic options for its Speedway business.  At the time, it seemed that a spinoff was both Elliott’s goal and a likely outcome of the review process. After all, the industry has seen several petroleum companies spin off their convenience store divisions. Marathon… Read More »

Marathon Petroleum Studying Its Options For Speedway

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Someone sure was busy during the Holidays. On the very first trading day of the new year, Marathon Petroleum Corporation (MPC) announced a number of strategic updates, most of them suggested (and naturally approved) by activist fund Elliott Management. While most of the news was related to its ownership of MPLX (MPLX and worthy of its own post), there was… Read More »