Tuesday, July 31, 2007

UPDATE 1-Marathon to buy Western Oil Sands for $5.56 bln

(Reuters) - Marathon said it will pay about $3.6 billion in cash plus
34.3 million shares or securities exchangeable for shares. It
will also assume about $650 million of debt.




The company also said its second-quarter profit fell on a
decline in oil and gas output and the absence of a year-ago
gain from the sale of Russian operations.


Read more at Reuters.com Mergers News

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