On July 11, 2024, ConocoPhillips And Marathon Each Received Request For Additional Information And Documentary Materials From FTC In Connection With Merger Review - Filing

Author: Benzinga Newsdesk | July 12, 2024 06:34am

The effect of a Second Request is to extend the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvement Acts of 1976, as amended (“HSR Act”), until 30 days after each of ConocoPhillips and Marathon has substantially complied with the Second Request issued to it, unless that period is terminated sooner by the FTC.

ConocoPhillips and Marathon continue to work constructively with the FTC in its review of the Merger and continue to expect that the Merger will be completed in the fourth quarter of 2024, subject to the fulfillment of the closing conditions in the Merger Agreement, including receipt of required regulatory approvals and approval of Marathon’s stockholders.

Posted In: COP MRO