US Steel begins buying stock in Marathon Oil

By With Analysis From Monitor Correspondents Around The World; Edited By Karla Vallance

January 8, 1982

Pittsburgh

US Steel Corporation started to buy Marathon Oil Company stock Wednesday, apparently ending the bitter battle between the nation's top steelmaker and Mobil Oil Corporation for control of Marathon.

Chief Justice Warren Burger late Wednesday rejected Mobil's emergency request to stop US Steel from acquiring Marathon, which cleared the way for the second-largest corporate takeover in US history.