3 May 2024
InterOil shareholders reaffirm support for Exxon takeover
Publication date: 15 February 2017
Gas Strategies Group
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ISSN: 0964-8496
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InterOil’s shareholders remain resolutely in favour of ExxonMobil’s takeover bid after a second vote saw support for the USD 2.5 billion offer increase – despite protestations from InterOil’s former boss.
Stockholders at the Papua New Guinea-focused company voted 91% in favour – an increase of 11 percentage points since a previous ballot in September. Ex-CEO and founding shareholder Phil Mulacek holds 5.5% of common stock.