Akin Gump Advises MPLX Conflicts Committee in New Pipeline Deal
(Houston) – Akin Gump served as legal advisor to the conflicts committee of the board of MPLX LP in its acquisition of an additional 30.5 percent interest in MPLX Pipe Line Holdings LP from subsidiaries of Marathon Petroleum Corporation. The $800 million deal, which closed today, is MPLX’s third since its October 2012 initial public offering, and will increase the partnership’s interest in Pipe Line Holdings to 99.5 percent.
The Akin Gump team representing the MPLX conflicts committee consisted of energy partners John Goodgame and Chris LaFollette, the latter who also serves as partner in charge of the firm’s Houston office and head of its oil and gas practice.
In February 2014, Akin Gump advised the MPLX conflicts committee in its acquisition of an additional 13 percent interest in MPLX Pipe Line Holdings LP from a subsidiary of Marathon Petroleum Corporation for $310 million. For more on that deal, click here.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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