Marathon Completes Acquisition of Ashland Inc.'s Interest in Marathon Ashland Petroleum.

PR Newswire | June 30, 2005 | Copyright

HOUSTON, June 30 /PRNewswire-FirstCall/ -- Marathon Oil Corporation announced today that it has completed its acquisition of Ashland Inc.'s 38 percent interest in Marathon Ashland Petroleum LLC (MAP), as well as two complementary businesses, in a transaction valued at approximately $3.730 billion, excluding any potential Internal Revenue Code Section 355(e) tax liabilities which are explained below. MAP is now a wholly owned subsidiary of Marathon, and its name will be changed to Marathon Petroleum Company LLC effective September 1, 2005, following orderly notifications to ...

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