Shareholders in Marathon Oil have approved a ~$16 billion acquisition by ConocoPhillips, Marathon Oil said in a Thursday statement, with the deal expected to close in the fourth-quarter of this year, pending a Federal Trade Commission review, Reuters reports. Conoco and Marathon Oil struck their acquisition deal in May when Conoco agreed to take over the target company in a deal worth $22.5 billion, including the assumption of $5.4 billion in debt. Earlier this month, a Marathon Oil shareholder filed a lawsuit seeking to stop the ConocoPhillips…
