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- Business Wire
ConocoPhillips to acquire Marathon Oil Corporation in all-stock transaction; provides shareholder distribution update
HOUSTON, May 29, 2024--ConocoPhillips to acquire Marathon Oil Corporation in all-stock transaction; provides shareholder distribution update.
- Reuters SG
Deals of the day-Mergers and acquisitions
** Anglo American rejected BHP Group's last-ditch request for more time to discuss a $49 billion takeover offer, dismissing it as highly complex and ending a five-week pursuit by the bigger rival. ** A consortium of U.S. investment firm KKR and Singapore Telecommunications (SingTel) has emerged as the frontrunner to buy a minority stake worth $1 billion in one of Asia's biggest data centre providers, two sources said. ** The owner of Britain's Royal Mail has agreed to a 3.57 billion pound ($4.55 billion) takeover by Czech billionaire Daniel Kretinsky, it said on Wednesday, in a take-private deal of one of the world's oldest postal firms.
- Barrons.com
Marathon Oil Stock Climbs on Report It Could Be Bought by ConocoPhillips
Marathon Oil was rising early Wednesday following a report that said it was in negotiations to be acquired by ConocoPhillips. The Financial Times reported that ConocoPhillips was in advanced talks to buy Marathon Oil in an all-stock deal valued at a little more than $15 billion. Shares of Houston-based Marathon Oil were up 4.7% at $27.70 in premarket trading, valuing the company at around $15.5 billion.
