Marathon Oil shareholders vote in favor of $16 bln ConocoPhillips deal

Marathon Oil

29/08/2024 15:16

HOUSTON, Aug 29 (Reuters) - Marathon Oil  MRO.N 
shareholders on Thursday approved the U.S. oil producer's nearly
$16 billion acquisition by ConocoPhillips  COP.N , the company
said. 
    Marathon Oil and ConocoPhillips expect the purchase, which
is undergoing a Federal Trade Commission review, to close late
in the fourth quarter of 2024. Details of the vote were not
immediately available. 
        

 (Reporting by Arathy Somasekhar in Houston)
 ((arathy.s@thomsonreuters.com; +1 832 610 7346; Twitter:
@ArathySom;))