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COP Jul 2024 95.000 call
- Associated Press Finance
ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal, plus $5.4 billion in debt
ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion. As part of the transaction, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock that they own, the companies said Wednesday. ConocoPhillips said Wednesday that the transaction will add highly complementary acreage to its existing U.S. onshore portfolio.
- 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.
