Top U.S. independent oil producer ConocoPhillips (COP.N), opens new tab said on Friday it received a second request from the U.S. Federal Trade Commission for information on its proposed acquisition of rival Marathon Oil (MRO.N), opens new tab.
ConocoPhillips said both companies received the requests on July 11 and are working with the FTC to review the merger.
CONTEXT
Conoco said in May it would pay $22.5 billion in stock for Marathon Oil to boost its output and achieve greater economies of scale in U.S. shale fields and in liquefied natural gas.
Source: REUTER
