Client Highlight: Andeavor Corporation

Client Highlight: Andeavor Corporation

Andeavor Corporation looks to S&C for advice in its $5.3 billion acquisition of Western Refining, Inc.

S&C represented Andeavor in connection with the merger of Andeavor’s two publicly traded master limited partnerships, Andeavor Logistics LP and Western Refining Logistics, LP, in a unit-for-unit transaction, for a total enterprise value of $1.7 billion, including net debt, and in connection with Andeavor’s buy-in of Andeavor Logistics' incentive distribution rights, valued at $3.6 billion.