ConocoPhillips

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Continues to Investigate SRDX, MRO, ATRI

Retrieved on: 
Giovedì, Maggio 30, 2024
Marathon Oil, Nordson Corporation, ConocoPhillips, Sale, Advertising, GTCR, Fraud, Security (finance)

If you are a Surmodics shareholder, click here to learn more about your legal rights and options .

Key Points: 
  • If you are a Surmodics shareholder, click here to learn more about your legal rights and options .
  • If you are a Marathon Oil shareholder, click here to learn more about your legal rights and options .
  • Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Marathon Oil Corporation (NYSE – MRO), Atrion Corporation (Nasdaq – ATRI), Surmodics, Inc. (Nasdaq – SRDX), Akili, Inc. (Nasdaq – AKLI)

Retrieved on: 
Giovedì, Maggio 30, 2024
Marathon Oil, COP, Therapy, Brodsky, ConocoPhillips, Nordson Corporation, GTCR, Security (finance)

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, Marathon Oil will be acquired by ConocoPhillips (NYSE - COP).
  • ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion, inclusive of $5.4 billion of net debt.
  • Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock, based on the closing share price of Marathon Oil on May 28, 2024.

Kuehn Law Encourages SRDX, MRO, ATRI, and BLBX Investors to Contact Law Firm

Retrieved on: 
Mercoledì, Maggio 29, 2024
Marathon Oil, Advertising, PLLC, Nordson Corporation, Human, ConocoPhillips, GTCR, Security (finance)

NEW YORK, May 29, 2024 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers.

Key Points: 
  • NEW YORK, May 29, 2024 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers.
  • Kuehn Law may seek additional disclosures or other relief on behalf of the shareholders of these companies.
  • At the end of the proposed transaction, Surmodics shareholders are expected to receive $43.00 per share in cash.
  • Concerned shareholders are encouraged to contact Justin Kuehn, Esq., at [email protected] or call (833) 672-0814.

MRO Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Merger of Marathon Oil With ConocoPhillips

Retrieved on: 
Mercoledì, Maggio 29, 2024
Wohl, Seeking Alpha, Sale, Marathon Oil, MRO, ConocoPhillips, TipRanks, Petroleum

MONSEY, N.Y., May 29, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed merger of Marathon Oil Corporation (NYSE: MRO) (“Marathon”) with ConocoPhillips in an all-stock transaction that values Marathon at approximately $30.33 per share, which is well below the price targets for Marathon of at least fifteen Wall Street analysts.

Key Points: 
  • MONSEY, N.Y., May 29, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed merger of Marathon Oil Corporation (NYSE: MRO) (“Marathon”) with ConocoPhillips in an all-stock transaction that values Marathon at approximately $30.33 per share, which is well below the price targets for Marathon of at least fifteen Wall Street analysts.
  • The exchange values Marathon at approximately $30.33 per share based on ConocoPhillips’ closing price of $118.96 on May 28, 2024.
  • “We are investigating whether the Marathon Board of Directors acted in the best interests of Marathon shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.
  • 17.1B is cheap,” and a second Marathon investor with the screenname “Wellington999” opining that “feels like MRO could have held out for $5 more.”

MRO Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Marathon Oil Corporation Is Fair to Shareholders

Retrieved on: 
Mercoledì, Maggio 29, 2024
Class Action Lawsuit, Professional Services, Legal, MRO, Marathon Oil, ConocoPhillips, Sale, Advertising, Fraud

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Marathon Oil Corporation (NYSE: MRO) to ConocoPhillips for 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock is fair to Marathon Oil shareholders.

Key Points: 
  • Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Marathon Oil Corporation (NYSE: MRO) to ConocoPhillips for 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock is fair to Marathon Oil shareholders.
  • The investigation concerns whether Marathon Oil and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Marathon Oil shareholders; (2) determine whether ConocoPhillips is underpaying for Marathon Oil; and (3) disclose all material information necessary for Marathon Oil shareholders to adequately assess and value the merger consideration.
  • On behalf of Marathon Oil shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

ConocoPhillips to acquire Marathon Oil Corporation in all-stock transaction; provides shareholder distribution update

Retrieved on: 
Mercoledì, Maggio 29, 2024
Oil, Gas, Energy, MRO, Marathon Oil, Investment, Kirkland & Ellis, WTI, ConocoPhillips, Contiguous United States, Safety, Acquisition, LLP, Morgan Stanley, Bank

ConocoPhillips (NYSE: COP) and Marathon Oil Corporation (NYSE: MRO) announced today that they have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion, inclusive of $5.4 billion of net debt.

Key Points: 
  • ConocoPhillips (NYSE: COP) and Marathon Oil Corporation (NYSE: MRO) announced today that they have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion, inclusive of $5.4 billion of net debt.
  • When combined with the global ConocoPhillips portfolio, I’m confident our assets and people will deliver significant shareholder value over the long term,” said Lee Tillman, Marathon Oil chairman, president and chief executive officer.
  • Evercore is serving as ConocoPhillips’ financial advisor and Wachtell, Lipton, Rosen & Katz is serving as ConocoPhillips’ legal advisor for the transaction.
  • Morgan Stanley & Co. LLC is serving as Marathon Oil’s financial advisor and Kirkland & Ellis LLP is serving as Marathon Oil’s legal advisor for the transaction.

GEMI Elects New Board of Director Members and Co-Chairs

Retrieved on: 
Mercoledì, Maggio 8, 2024
Nexus, Chair, Senior, Food industry, ConocoPhillips, Sustainability, CSX Corporation, GEMI, Innovation, CSX, EH&S, Retirement, Environment, SLB, Tyson Foods, Smithfield Foods, Carbon accounting, Trade, FedEx, American Chemistry Council, FMI, Management

In addition, Becky Hensley and Brooke Wynn have been elected as Co-Chairs of GEMI.

Key Points: 
  • In addition, Becky Hensley and Brooke Wynn have been elected as Co-Chairs of GEMI.
  • "I am very pleased to welcome the new members of the GEMI Board, and the two Co-Chairs of GEMI," said Mark Johnson Senior Vice President Director – Private Sector Services, Gannett Fleming, Inc.
  • "On behalf of the members of GEMI, I want to thank Mark Johnson for his leadership and support of GEMI.
  • It has been a pleasure to work with him as a Board Member and Chair," said Steve Hellem, GEMI's Executive Director.

Admiral William McRaven to Keynote 2024 BIO Convention

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Martedì, Aprile 30, 2024
Storm, Well, Education, University, Person of the Year, Policy, TIME, CFR, Medicine, Face, Bullfrog, University of Texas System, Nautical fiction, Special Operations Command, Council, Woman, Ambassador, SPEC, BIO, Navy, Admiral, Faculty, Democracy, Sea, Chancellor (education), National Football Foundation, Book, Foreign Policy, Biotechnology Innovation Organization, Research, Therapy, Foreign policy, Student, Organization, UT System, ConocoPhillips, Hero, Wisdom, Osama bin Laden, Convention, CIA

WASHINGTON, April 30, 2024 /PRNewswire/ -- As recent global events have demonstrated, the world has become more challenging and American leadership is needed more at home and abroad than ever before, and that includes maintaining U.S. dominance in biotechnology innovation. Retired U.S. Navy four-star admiral, Navy SEAL, University Chancellor, best-selling author and world-renowned authority of leadership, William McRaven, will keynote the 2024 BIO International Convention, Wednesday, June 5, in San Diego. Admiral McRaven will be interviewed by John Crowley, CEO of the Biotechnology Innovation Organization (BIO) about the challenge of global events today and the implications for biotechnology as a national security imperative. McRaven will also share his insights on essential elements of leadership in managing complex organizations.

Key Points: 
  • Retired U.S. Navy four-star admiral, Navy SEAL, University Chancellor, best-selling author and world-renowned authority of leadership, William McRaven, will keynote the 2024 BIO International Convention, Wednesday, June 5, in San Diego.
  • Admiral McRaven will be interviewed by John Crowley, CEO of the Biotechnology Innovation Organization (BIO) about the challenge of global events today and the implications for biotechnology as a national security imperative.
  • The Convention will take place at the San Diego Convention Center from June 3 – 6, 2024.
  • Admiral William H. McRaven is a retired U.S. Navy Four-Star admiral and the former Chancellor of the University of Texas System.

Delta Board of Directors Welcomes Maria Black and Willie Chiang as Newest Members

Retrieved on: 
Venerdì, Aprile 26, 2024
University, Delta Air Lines, Small business, ConocoPhillips, Natural gas, Marketing, Partnership, PAA, HCM, Business, Chairperson, ADP, Plains All American Pipeline, Occidental Petroleum, Multimedia, Advanced Management Program, Human, ADP, Inc., Management

ATLANTA, April 26, 2024 /PRNewswire/ -- Delta Air Lines' (NYSE: DAL) board of directors today announced Maria Black and Willie CW Chiang as its newest members.

Key Points: 
  • ATLANTA, April 26, 2024 /PRNewswire/ -- Delta Air Lines' (NYSE: DAL) board of directors today announced Maria Black and Willie CW Chiang as its newest members.
  • Ms. Black is the President and Chief Executive Officer of Automatic Data Processing, Inc., a leading global technology company providing human capital management (HCM) solutions.
  • "We are very excited to welcome both Maria and Willie to the Delta board of directors," said David Taylor, Delta's non-executive Chair of the Board.
  • Both of them will contribute valuable expertise to our work, enhancing the depth and range of Delta's already strong, independent and diverse board of directors."

ConocoPhillips announces first-quarter 2024 results, quarterly dividend and VROC

Retrieved on: 
Giovedì, Maggio 2, 2024
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Permian, Sale, CFO, Investment, ConocoPhillips, Depreciation, Eagle Ford, Dallas, Public expenditure, VROC

Excluding special items, first-quarter 2024 adjusted earnings were $2.4 billion, or $2.03 per share, compared with first-quarter 2023 adjusted earnings of $2.9 billion, or $2.38 per share.

Key Points: 
  • Excluding special items, first-quarter 2024 adjusted earnings were $2.4 billion, or $2.03 per share, compared with first-quarter 2023 adjusted earnings of $2.9 billion, or $2.38 per share.
  • Distributed $2.2 billion to shareholders through a three-tier framework, including $1.3 billion through share repurchases and $0.9 billion through the ordinary dividend and VROC.
  • ConocoPhillips declared an ordinary dividend of $0.58 per share and a VROC of $0.20 per share, both payable June 3, 2024, to stockholders of record at the close of business on May 13, 2024.
  • Excluding a $0.1 billion change in working capital, ConocoPhillips generated CFO of $5.1 billion and received disposition proceeds of $0.2 billion.