Aug 14, 02:59 PM

Marathon Oil Shareholder Sues to Block ConocoPhillips' $17 Billion Acquisition

A Marathon Oil shareholder has filed a lawsuit to block the proposed $17 billion acquisition by ConocoPhillips. The lawsuit claims that the deal significantly undervalues Marathon Oil. Additionally, the plaintiff alleges a conflict of interest involving Morgan Stanley, which is serving as the merger and acquisition adviser for the deal.

#Marathon Oil #ConocoPhillips #Morgan Stanley

Written with ChatGPT (GPT-4o).

Sources

National Post@nationalpost
1 year ago
Parkland faces lawsuit from top shareholder Simpson Oil https://t.co/G2uBNZxFAp https://t.co/4YW8WWVa2e
The Globe and Mail@globeandmail
1 year ago
Parkland Corp. faces lawsuit from top shareholder Simpson Oil https://t.co/pg5mvjJnyd
Giovanni Staunovo🛢@staunovo
1 year ago
Energy producer Maverick's owner explores sale valuing it at $3 billion, sources say #oott https://t.co/pd8HUDIpHT

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