- MarkWest Hydrocarbon founders John Fox and Brian O'Neill say they will vote against a merger of MarkWest Energy (NYSE:MWE -1.2%) and MPLX (MPLX -2.1%).
- Fox already has expressed his views, and O'Neill now says he is in "100% agreement" with Fox, adding "MWE has spent more than $10B in capital expenditures over the previous five years, which means MPLX and its owner, Marathon Petroleum (MPC +0.5%), are merely refunding MWE's unitholders and leaving a small premium for their efforts."
- At the same time, MWE announces that the Glass Lewis and Egan Jones proxy advisory firms recommend shareholders vote for the merger.
- Earlier: MarkWest says ISS recommends investors vote for deal with MPLX (Nov. 19)
MarkWest co-founder O'Neill adds voice of disapproval to MPLX merger
Recommended For You
Related Stocks
| Symbol | Last Price | % Chg |
|---|---|---|
| MWE | - | - |
| MarkWest Energy Partners, L.P. | ||