Former MarkWest Energy CEO Urges Vote Against Marathon Buyout

What’s this? All is not butterflies, unicorns and kisses in the Marathon Petroleum takeover of MarkWest Energy. It was only a little over three months ago that MarkWest announced it was selling itself to Marathon (see Midstream Bombshell: MarkWest Sells Itself to Marathon Petroleum). Since that time both companies have been in a hurry to get the deal done. Last week Marathon told investors the deal will be done by the end of this year (see Marathon 3Q15: Closing on MarkWest Merger “Later this Year”). And just last Friday MarkWest told unitholder (equivalent of stockholders) to hurry up and vote (see MarkWest Tells Unitholders Time to Sign Proxy for Marathon Sale). However, one of the biggest single shareholder in MarkWest, the co-founder of the company and former CEO, John Fox, is telling MarkWest in an open letter that they’re nuts for selling…

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