• Oil Search and InterOil have agreed to a merger for $2.2B and a contingent pay depending on the size of the Elk/Antelope resource.
• The boards have agreed unanimously, but InterOil needs 66.66% of votes to go ahead.
• We look at some of the upsides and downsides of this proposed deal.

Will InterOil Face A Takeover Battle? – Oil Search Ltd. (OTCMKTS:OISHF) | Seeking Alpha