ConocoPhillips is in an advanced stage of discussions to acquire Marathon Oil in an all-stock transaction, the Financial Times reported on Wednesday, quoting sources briefed on the issue. A potential deal, which looked imminent on Tuesday night, is expected to value Marathon Oil at just over its current market capitalization of $15 billion, according to FT’s sources. Still, there is still a risk that the talks could fall apart or another buyer outbids ConocoPhillips for Marathon Oil, the UK business newspaper noted. …
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