FX.co ★ ConocoPhillips Acquires Marathon Oil For $22.5 Bln

ConocoPhillips (COP) announced on Friday that it has successfully completed the acquisition of Marathon Oil Corp. (MRO) in an all-stock transaction valued at $22.5 billion, which includes $5.4 billion of net debt.

In accordance with the terms of the agreement, shareholders of Marathon Oil received 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil they held.

As of now, ConocoPhillips' stock is priced at $111.72, showing a decrease of 0.21 percent on the New York Stock Exchange.