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The Total SA idea is a non starter. Total had a R&M operation in the US and sold out to Ultramar/Diamond Shamrock.

The proposal for MRO to buy out Ashland's share of MAP has run into an IRS roadblock.

MRO could potentially buy out all of Ashland, strip out MAP and maybe Valvoline and the chain of Valvoline oil change shops, then sell the remainder off. The combination of debt and stock dilution such a deal would involve would probably hurt MRO over the short term.

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