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Marathon to buy Western Oil Sands
Marathon Oil Corp said on Tuesday it agreed to buy Canada’s Western Oil Sands Inc.(WTO.TO: Quote, Profile , Research) for about $5.56 billion, giving the U.S. oil company a foothold in one of the world’s most promising streams of new crude oil.
Marathon said it will pay about $3.6 billion in cash plus 34.3 million shares [...]
