November 4, 2015 / 12:30 PM / in 2 years

MarkWest shareholder says he opposes MPLX deal

Nov 4 (Reuters) - A shareholder of natural gas processor MarkWest Energy Partners LP, John Fox, said he was opposed to refiner Marathon Petroleum Corp’s proposed $15.6 billion acquisition of the company through its pipeline unit, MPLX LP.

Fox, who owns 1.4 million MarkWest common units, said in an open letter that MarkWest should remain a standalone company to avoid a significant cut in shareholder distributions.

Reporting by Amrutha Gayathri in Bengaluru; Editing by Ted Kerr

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