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ConocoPhillips, Marathon Oil Get Second FTC Request for More Information About Merger
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ConocoPhillips, Marathon Oil Get Second FTC Request for More Information About Merger
Jul 12, 2024 6:06 AM

08:40 AM EDT, 07/12/2024 (MT Newswires) -- ConocoPhillips ( COP ) and Marathon Oil ( MRO ) said Friday that they each received a second request from the US Federal Trade Commission for more information regarding their proposed merger.

The companies said the second request, which they received on Thursday, extend the waiting period imposed by anti-trust laws until 30 days after they have largely complied with the requests.

The companies said they continue to collaborate with the FTC in its review of the deal and continue to expect to complete the merger in Q4.

ConocoPhillips' ( COP ) proposed acquisition of Marathon Oil ( MRO ) in an all-stock deal was announced in May.

Price: 114.38, Change: +0.39, Percent Change: +0.34

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