September 25, 2019 / 12:55 PM / 19 days ago

Elliott renews demand for split up of Marathon Petroleum

Sept 25 (Reuters) - Elliott Management on Wednesday called for Marathon Petroleum Corp to split into three independent companies, three years after the activist investor demanded the refiner to undertake a strategic review and spin off its main businesses.

Elliott, holding an economic interest of about 2.5% in Marathon, said its renewed demand follows earlier promises of improvement by Marathon which the company has failed to deliver on. (Reporting by Shariq Khan in Bengaluru; Editing by Maju Samuel)

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