InterOil Corp., whose planned sale to Exxon Mobil Corp. has faced court setbacks in Canada, reached an amended deal extending the “outside date” of the transaction to March 31.
The revised agreement increases the amount of additional cash payments to InterOil shareholders based on the gross resource certification of the Elk-Antelope field.
Exxon’s all-stock bid valued at about $2.5 billion topped Oil Search Ltd.’s$2.2 billion proposal.
In early November, a Yukon appeals court overturned approval for the deal.
By Josh Beckerman
Source: Nasdaq
LinkedIn Twitter Xing EmailWhen I left my second large company experience to become President of a small manufacturing company I did so driven by ego; I fancied the title. Soon […]
LinkedIn Twitter Xing EmailFirm details on exactly how the U.K. will regulate new medicines is still to be decided after it leaves the EU later this year (caveats on timing […]
LinkedIn Twitter Xing EmailThe Simply Good Foods Company, the owner of Atkins-branded food products, has secured a deal to acquire protein snack maker Quest Nutrition for $1 billion. Quest, which […]
