Marathon Oil Shareholders Approve Megadeal Conoco Acquisition ...Middle East

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Marathon Oil Shareholders Approve Megadeal Conoco Acquisition
source : OILPRICE ( Middle East ) () 37
Shareholders in Marathon Oil have approved a ~$16 billion acquisition by ConocoPhillips, Marathon Oil said in a Thursday statement, with the deal expected to close in the fourth-quarter of this year, pending a Federal Trade Commission review, Reuters reports.  Conoco and Marathon Oil struck their acquisition deal in May when Conoco agreed to take over the target company in a deal worth $22.5 billion, including the assumption of $5.4 billion in debt. Earlier this month, a Marathon Oil shareholder filed a lawsuit seeking to stop the ConocoPhillips…

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