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Icahn’s CVR to Buy Marathon Refineries For $4 Billion, WSJ Says
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Deals Icahn’s CVR to Buy Marathon Refineries For $4 Billion , WSJ Says CVR Energy Inc., an oil refiner controlled by billionaire investor Carl Icahn, is near a deal to buy refineries from Marathon Petroleum Corp. for more than $4 billion, the Wall Street Journal reported, citing people familiar with the matter. The deal is poised to be announced on Tuesday, the newspaper reported.
Deals
Icahn’s CVR to Buy Marathon Refineries For $4 Billion, WSJ Says
CVR Energy Inc., an oil refiner controlled by billionaire investor Carl Icahn, is near a deal to buy refineries from Marathon Petroleum Corp. for more than $4 billion, the Wall Street Journal reported, citing people familiar with the matter.
The deal is poised to be announced on Tuesday, the newspaper reported. The move comes as conflicts in the Persian Gulf and Russia have roiled energy markets and driven soaring oil refining margins, especially in the US.