Should Shareholders Vote For InterOil's Acquisition By OilSearch?

[oliver.gump]

Article on seeking alpha:

http://seekingalpha.com/article/3979768-...-oilsearch

Summary

OilSearch takover of InterOil is a bit of an anti-climax for InterOil sharholders.

There is much to be dissatisfied about and comlaint with and we don't think current management has done a particularly good job.

However, whether InterOil is viable as a stand alone company is not guaranteed either.

OilSearch is buying all of InterOil (NYSE:IOC) for $2.2B and a Contingent Value Right (CVR) depending on the size of InterOil's priced asset, the Elk/Antelope field situated in PRL15.