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Marathon Oil shareholders vote in favor of $16 billion ConocoPhillips deal
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Marathon Oil shareholders vote in favor of $16 billion ConocoPhillips deal
Aug 29, 2024 7:43 AM

HOUSTON (Reuters) - Marathon Oil ( MRO ) shareholders on Thursday approved the U.S. oil producer's nearly $16 billion acquisition by ConocoPhillips ( COP ), the company said.

Marathon Oil ( MRO ) and ConocoPhillips ( COP ) 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)

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