Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 & 20 : 16-Jun-16
InterOil’s former CEO Phil Mulacek has failed in his bid for a board spill, although he received a high level of support at the takeover target’s 2016 AGM. Some 31 per cent of votes cast backed his stance, and Oil Search’s $US2.2bn takeover bid will fail if 33 per cent of InterOil shareholders vote against it on 28 July. Oil Search CEO Peter Botten intends to hold further meetings with InterOil’s shareholders in the lead-up to the vote.
CORPORATES
OIL SEARCH LIMITED – ASX OSH, INTEROIL CORPORATION, TOTAL SA, CAPITAL GROUP COMPANIES INCORPORATED, EXXONMOBIL CORPORATION