2009-08-11-2008-03-01
Transaction Type
Sellers
Buyers
Announce Date
Post Date
Estimated Price
100MM
Description
To acquire < 1% of company shares.
Private Canadian investment company TRC Capital Corp. has offered to acquire up to 2 million shares of Marathon Oil Corp., Houston, (NYSE: MRO) in a mini-tender offer with a deal value of some $100 million. The offer price of $50 per share represents a 4% discount to Marathon's closing price on Jan. 15. The shares represent less than one-half of 1% of Marathon outstanding shares. Marathon does not recommend the offer to shareholders.