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ConocoPhillips acquires Concho Resources in $9.7 billion all-stock transaction

ConocoPhillips (NYSE: COP) and Concho Resources (NYSE: CXO) said they have entered into a definitive agreement to merge the two companies in an all-stock transaction. Under the terms of the transaction, which has been unanimously approved by the board of directors of each company, each share of Concho Resources (Concho) common stock will be exchanged […]

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