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  "documentTitle": "Marathon Petroleum Corporation (MPC)",
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  "authorName": "Quentin Koffey",
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  "presentationDate": "2016-11-21 00:00:00",
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  "notes": "This is the final page of a shareholder letter from Elliott Management to Marathon Petroleum.",
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      "text": "Marathon should evaluate whether a tax-free separation of the Company into three separate standalone businesses (Speedway, RefiningCo, and MidstreamCo) best serves shareholders over the long term.",
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      "text": "Marathon should evaluate a tax-free separation of the Company into three separate standalone businesses (Speedway, RefiningCo, and MidstreamCo) best serves shareholders over the long term.",
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      "text": "We believe the extent and severity of Marathon's undervaluation warrants a fundamental reassessment of whether the Company's current structure maximizes value for shareholders.",
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      "text": "As outlined above and detailed in the accompanying presentation, we present our thoughts on a clear pathway to delivering material value to shareholders...",
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      "text": "Marathon's Undervaluation Is an Opportunity for the Board",
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