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The purchase price represents a 14.7% premium to the closing price of Marathon on May 28, giving the company an enterprise value (market cap plus debt) of $22.5 billion.
ConocoPhillips's plans to acquire independent oil and gas producer Marathon Oil in an all-stock deal for $22.5 billion including debt continues a recent string of deals in the energy space.
Marathon Oil shareholders will receive 0.255 ConocoPhillips shares for each Marathon share they own, representing a 14.7% premium to the closing price on Tuesday. Shares of Marathon were up more ...
The oil industry is on a roll. Prices are surging, and an attack on the world’s largest crude terminal in Saudi Arabia has sent prices higher still. Over the next 3 years, the Bank of America ...
Investors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500's (NYSE: SPY) total return for the decade was 250.5%. But there's no question some big-name ...
Marathon Oil (MRO) stock has surged in the last few quarters. However, with the recent upside in oil price, there seems to be a further rally impending. Low break-even assets will translate into ...
Marathon shareholders will receive 0.255 shares of ConocoPhillips per Marathon share, amounting to a 16% premium, given the two companies' share prices before the announcement.
Announced Wednesday in Houston, headquarters for both corporations, it was an all-stock transaction with an enterprise value of $22.5 billion inclusive of ... ConocoPhillips-Marathon Oil come to terms