10-02-2012, 04:23 AM
Reminder:
Visaggio also indicated what would happen if a supermajor outside of the Gulf LNG bidding process made a hostile takeover attempt for InterOil. “If it’s someone who is not involved in the process we can release the existing shortlisted bidders to make a bid should they wish – that’s the white knight story.” Such a move would surge InterOil’s share price upwards and could thwart a hostile takeover.
Visaggio also indicated what would happen if a supermajor outside of the Gulf LNG bidding process made a hostile takeover attempt for InterOil. “If it’s someone who is not involved in the process we can release the existing shortlisted bidders to make a bid should they wish – that’s the white knight story.” Such a move would surge InterOil’s share price upwards and could thwart a hostile takeover.