Stock Alert: MRO Spins-off MPC
On Thursday June 30, 2011, Marathon Oil Corporation (MRO) distributed 100% of its interest in Marathon Petroleum Corporation (MPC) to its shareholders. Holders of MRO stock as 5 pm on June 27th should add to their portfolios 1 share of MPC for every 2 shares of MRO they own.
For Sabrient customers, this change will be reflected in today’s Investor’s (H)edge and Earnings Busters portfolio updates as well as the Baker’s Dozen.
For more information on the MRO transaction, check out MRO’s Shareholder PDF.
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