PXE - ConocoPhillips-Marathon Merger Hits Hurdle: FTC Requests More Info Delays Deal | Benzinga
On Thursday, ConocoPhillips (NYSE:COP) and Marathon Oil Corporation (NYSE:MRO) received a Second Request from the Federal Trade Commission (FTC) to extend the Hart-Scott-Rodino waiting period.
The merger will proceed after the FTC review and fulfillment of other conditions in the merger agreement.
ConocoPhillips and Marathon are working with the FTC on its review and expect the merger to be completed in the fourth quarter of 2024, pending regulatory approvals and Marathon stockholder approval.
In May, ConocoPhillips disclosed a ...