The transaction is the latest in a series of consolidation moves in the energy sector, coming on the heels of two earlier multibillion-dollar mergers this year.
June 03, 2024 at 01:30 PM
9 minute read
With nine deals of more than $1 billion last week and six of those being more than $3 billion, it was a banner week in deal value, highlighted by ConocoPhillips’ $22.5 billion purchase of Marathon Oil.
Wachtell, Lipton, Rosen & Katz represented ConocoPhillips, while Marathon Oil turned to Kirkland & Ellis.
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