If you remain a Marathon shareholder and have concerns about the fairness of the price, you may contact our firm at the following link to discuss your legal rights at no charge:
https://wohlfruchter.com/cases/marathon-oil/
Alternatively, you may contact us by phone at 866-833-6245, or via email at alerts@wohlfruchter.com.
Why is there an investigation?
On
“We are investigating whether the Marathon Board of Directors acted in the best interests of Marathon shareholders in approving the sale,” explained
Notably, according to TipRanks, the implied deal price of
Paul Cheng of Scotiabank ($45.00 )Roger Read of Wells Fargo ($38.00 )Derrick Whitfield ofStifel Nicolaus ($36.00 )Betty Jiang of Barclays ($35.00 )Neal Dingman of Truist Financial ($35.00 )Mark Lear of Piper Sandler ($34.00 )Arun Jayaram of J.P. Morgan ($33.00 )Scott Hanold ofRBC Capital ($33.00 )- Nitin Kumar CFA of
Mizuho Securities ($33.00 ) Subash Chandra ofBenchmark Co. ($32.00 )Josh Silverstein ofUBS ($32.00 )
Further, several Marathon shareholders publishing to SeekingAlpha have expressed disappointment with the deal price, with one Marathon investor with the screenname “Texas2050” commenting “MRO getting stolen at this price IMO. 17.1B is cheap,” and a second Marathon investor with the screenname “Wellington999” opining that “feels like MRO could have held out for
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