Dissident push falters at InterOil

Original article by Brian Robins
The Sydney Morning Herald – Page: 20 : 13-Jun-16

Takeover target InterOil has advised that its annual meeting will proceed on 14 June 2016, after a court dismissed an application by ex-CEO Phil Mulacek to have it delayed. Shareholders will vote on Mulacek’s push for a board spill. He opposes a $US2.2 billion ($A3bn) bid for the company by Australian-listed Oil Search, arguing that the offer undervalues InterOil. The majority of institutional investors are believed to support the bid.

CORPORATES
INTEROIL CORPORATION, OIL SEARCH LIMITED – ASX OSH, EXXONMOBIL CORPORATION, SUPREME COURT OF YUKON

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