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Marathon Oil could become Mobil target if bid falls through
Industry analyst predicts Marathon Oil may attract other buyers after Mobil’s 5.1 billion takeover bid. Marathon fights Mobil in U.S. District Court Cleveland with a preliminary injunction while FTC scrutiny and state actions mount. Analyst Tween says Marathon’s vast reserves make it highly valuable and a magnet for cash-rich rivals such as U S Steel.
MENTIONED IN THIS ARTICLE
Cleveland
UPL
New York
Marathon Oil Co
Mobil Corp
Marathon
Mobil
U.S
Federal Trade Commission
Ohio
Findlay
Columbus
Washington
Lawrence Tween
Kidder, Peabody and Co
U.S. Steel