Marathon Oil Corp. (MRO) announced on Thursday that it has received shareholder approval for its upcoming merger with ConocoPhillips (COP).This follows the announcement in May, when ConocoPhillips agreed to an all-stock acquisition of Marathon Oil, valuing the company at $22.5 billion, including $5.4 billion in net debt.Both companies anticipate completing the transaction by late Q4 2024.As of now, Marathon Oil’s stock is trading at $28.53, reflecting a 0.96 percent increase on the New York Stock Exchange.The material has been provided by InstaForex Company – www.instaforex.com
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