NEW YORK, May 1, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Andeavor ("ANDV" or the "Company") ANDV in connection with the proposed acquisition of the Company by Marathon Petroleum Corp. MPC.  Under the terms of the acquisition agreement, the Company's shareholders can elect to receive 1.87 shares of MPC stock, or $152.27 in cash subject to a proration mechanism that will result in 15% of ANDV's fully diluted shares receiving cash consideration. 

WeissLaw is investigating whether ANDV's Board acted to maximize shareholder value prior to entering into the agreement.  Notably, at least one analyst set a target price of $160.00 per ANDV share.  Additionally, at closing, ANDV shareholders will own a meagre 34% of the combined company.

Given these facts, WeissLaw is investigating whether ANDV's Board acted in the best interests of Sprint's public shareholders to maximize shareholder value prior to entering into the agreement.  If you own ANDV shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com. 

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/andeavor/

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SOURCE WeissLaw LLP