HOUSTON (Reuters) – Marathon Oil (NYSE:MRO) shareholders on Thursday approved the U.S. oil producer’s nearly $16 billion acquisition by ConocoPhillips (NYSE:COP), 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.
This post is originally published on INVESTING.