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"Australia’s Oil Search (OSH.Australia) agreed to buy InterOil Corp. (IOC) for $2.2 billion. Both companies have key oil and gas assets in Papua New Guinea. Oil Search is offering 8.05 of its shares for each InterOil share plus a contingent value right. Put together, the implied offer is $40.25 per InterOil shares. InterOil closed at […]", blogs.barrons.com
"Sydney, May 20, 2016 (AFP) -Papua New Guinea explorer Oil Search Friday said it had bought rival InterOil in a multi-billion-dollar deal, but will sell off some of the assets to French energy giant Total to fund part of the takeover. Oil Search is to pay US$40.", timesofindia.indiatimes.com
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