12-13-2016, 10:46 PM
(This post was last modified: 12-13-2016, 10:58 PM by Li'loilady.)
Looks to me like they're cleaning up the paperwork and going to present the same deal. No reference to a new proposal, only to a new review process.
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"InterOil and ExxonMobil agree to extend outside date
December 13, 2016:
IOC) today provided an update on the transaction with Exxon Mobil Corporation (NYSE: XOM).
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Following the previously announced decision by the Court of Appeal of Yukon to allow an appeal lodged by Phil Mulacek, InterOil’s Independent Transaction Committee (“the Committee&rdquo
, consisting of four independent and experienced directors of InterOil, are undertaking a detailed and thorough review process relating to the proposed transaction, with the support of independent legal counsel and BMO Capital Markets, an independent financial advisor.
, consisting of four independent and experienced directors of InterOil, are undertaking a detailed and thorough review process relating to the proposed transaction, with the support of independent legal counsel and BMO Capital Markets, an independent financial advisor.
To accommodate the new review process, ExxonMobil and InterOil have agreed to extend the outside date of the current Arrangement Agreement to the close of business on Wednesday, December 21, 2016 (New York time).
Dr. William Ellis Armstrong, Chairman of the Committee said, “We are pleased to have reached an agreement with ExxonMobil to extend the outside date and expect to be in a position to update shareholders on the progress of our deliberations shortly.” "
for our cause