MARKETS

InterOil price increased

THE transaction committee reviewing ExxonMobil’s takeover offer for Canadian oiler InterOil has unanimously recommended the deal go ahead over the objections of the junior’s founder Phil Mulacek, but it has negotiated an increased price.

Haydn Black

As a result, ExxonMobil and InterOil have agreed to a new timeline that should see the deal terms finalised within a month. A new record date for shareholders has been set for January 10, with a...

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