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CVR Energy nears $4 bln deal for Marathon refineries- WSJ

By · Via Investing.com Markets · Published by Everything Blog

In short

Discussions between the two energy companies are advancing toward a final agreement covering specific refining assets. The anticipated transaction carries an estimated valuation of roughly $4 billion according to reporting. Key specifics regarding the exact operational units involved and the transaction schedule remain unannounced at this stage.

Key points

  • The multi-billion-dollar deal would significantly alter the refining asset portfolios of…: The multi-billion-dollar deal would significantly alter the refining asset portfolios of both participating companies.
  • A final acquisition agreement between CVR Energy and Marathon could be announced in the n…: A final acquisition agreement between CVR Energy and Marathon could be announced in the near future.
  • Full commercial terms and individual asset breakdowns remain pending formal disclosure by…: Full commercial terms and individual asset breakdowns remain pending formal disclosure by the parties.
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