MILWAUKEE, May 29, 2024 /PRNewswire/ -- Ademi LLP is investigating Marathon Oil (NYSE: MRO) for possible breaches of fiduciary duty and other violations of law in its transaction with ConocoPhillips.
Click here to learn how to join the https://www.ademilaw.com/case/marathon-oil-corporation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, Marathon Oil shareholders will receive only 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock in an all-stock transaction with an enterprise value of $22.5 billion, inclusive of $5.4 billion of net debt. The transaction agreement unreasonably limits competing transactions for Marathon Oil by imposing a significant penalty if Marathon Oil accepts a competing bid. Marathon Oil insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Marathon Oil's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own Marathon Oil common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/marathon-oil-corporation.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi LLP
