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Marathon Oil investor sues to block $17 billion ConocoPhillips deal amid U.S. oil and gas M&A spree

In a lawsuit filed Monday in New York state court, Martin Siegel says the Conoco deal could deprive Marathon investors of more than $6 billion in value. He further alleges Marathon, its directors and financial adviser Morgan Stanley, misrepresented the deal in a proxy statement recommending shareholders back it.

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