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+--- Thread: OSH is out! (/showthread.php?tid=11015)
OSH is out! - AU74 - 07-21-2016
Link coming
RE: OSH is out! - AU74 - 07-21-2016
http://www.wsj.com/articles/oil-search-abandons-bid-for-interoil-clears-path-for-exxon-1469061850
RE: OSH is out! - AU74 - 07-21-2016
Oil Search Abandons Bid for InterOil, Clears Path for Exxon
‘We do not believe it is in the best interests of our shareholders’ to submit revised offer, company says
By David Winning
Updated July 20, 2016 8:54 p.m. ET
SYDNEY—Oil Search Ltd. dropped out of bidding for U.S.-listed InterOil Corp. after its earlier offer was trumped by Exxon Mobil Corp.
On Thursday, Oil Search said it won’t make a higher offer for InterOil, which owns the Elk-Antelope natural-gas discoveries in Papua New Guinea and had proposed building a second gas project to compete with the existing Exxon-led facility.
RE: OSH is out! - AU74 - 07-21-2016
" Given the decision by Exxon Mobil to make an offer for Interoil on the terms it has announced, we do not believe it is in the best interests of our shareholders fot Oil Search to submit a revised offer to acquire Interoil," Oil Search Managing Director Peter Botten said.
RE: OSH is out! - Putncalls - 07-21-2016
Why does IOC owe OSH a break up fee then?
RE: OSH is out! - cybersssss - 07-21-2016
Are they handing Interoil over on the silver platter ?
RE: OSH is out! - AU74 - 07-21-2016
Sorry I missed your earier thread cybers. I just got home from post technical conference drinking snd didn't see your thread.
RE: OSH is out! - Palm - 07-21-2016
Yepper
RE: OSH is out! - Tusker - 07-21-2016
'Palm' pid='74466' datel Wrote:Yepper
Ok... you few or so... ihr