ConocoPhillips and Marathon Oil receive a second FTC request, delaying their $22.5bn merger.
ConocoPhillips and Marathon Oil received a second request for information from the US Federal Trade Commission (FTC) regarding their proposed $22.5bn merger. The FTC's review is expected to delay the closing of the deal. ConocoPhillips announced the acquisition in May, aiming to boost its output and achieve greater economies of scale in US shale fields and liquefied natural gas.
July 12, 2024
9 Articles