3 Merger and Acquisitions Stock Stories Ready for a Thursday Appraisal
Marathon Oil Corp. (NYSE:MRO): Current price $34.08
Libya’s Oil Minister Abdelbari Arusi says that his country’s National Oil Corp is interested in acquiring Marathon Oil Corp’s interest in one of the Libya’s most important joint ventures. Marathon is mulling a possible sale of its stake in Waha Oil Company, which has a capacity of 350,000 barrels per day and produces Libya’s primary light sweet crude grade, said sources to Reuters back in July. Commenting during a conference in London on Wednesday, Arusi said, “Regarding Marathon, yes, we’re interested to buy the stake,” as he confirmed Marathon was planning to divest its stake.