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

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.

Source: Investing.com