Marathon petroleum corp. announces modified dutch auction tender offer to purchase up to $4.0 billion of its outstanding common stock

Findlay, ohio, may 17, 2021 /prnewswire/ -- marathon petroleum corp. (nyse: mpc) today announced that it commenced a "modified dutch auction" tender offer to purchase up to $4.0 billion of shares of its common stock, or such lesser number of shares of its common stock as are properly tendered and not properly withdrawn, at a price not greater than $63.00 and not less than $56.00 per share of common stock, to the tendering shareholder in cash, less any applicable withholding taxes and without interest (the "offer"). the offer is made upon the terms and subject to the conditions described in the offer to purchase and in the related letter of transmittal.
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