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DewDiligence

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DewDiligence

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Re: DewDiligence post# 29348

Wednesday, 05/29/2024 11:24:43 AM

Wednesday, May 29, 2024 11:24:43 AM

Post# of 29673
More_oil-patch_consolidation—COP acquires MRO for $17.1B in_stock:

https://www.wsj.com/business/energy-oil/conocophillips-to-acquire-marathon-oil-in-22-5b-all-stock-deal-743cc8ba

Under the terms of the agreement, Marathon Oil stockholders will exchange each share for 0.255 shares of ConocoPhillips, representing a nearly 15% premium based on Marathon Oil’s closing share price on Tuesday.

The deal’s enterprise value (including assumption of debt) is $22.5B.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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