US high court gets Mobil plea to acquire Marathon

Mobil Oil Corporation is making a last-ditch stand at the US Supreme Court in its controversial effort to acquire Marathon Oil Corporation. The bitter corporate struggle for control of Marathon, which began two months ago, reached the Supreme Court when Mobil asked the court to stop US Steel from buying up Marathon's stock next week.

There was no indication how soon the Supreme Court would act on Mobil's application.

Mobil and US Steel have made competing offers to acquire controlling interest in Marathon. Marathon corporate officers have vigorously opposed Mobil's takeover bid and support US Steel's acquisition plan.

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...