On May 29th, sources informed that ConocoPhillips is in deep talks to acquire Marathon Oil Company, and this potential all stock transaction is expected to value the latter slightly higher than its current market value of $15 billion.
It is reported that negotiations may still break down, and there is also a possibility of competitors offering bids. Insiders say that ConocoPhillips and Devon Energy have been vying for the opportunity to acquire Marathon Oil for weeks. (Financial Times)