Original article by Perry Williams
The Australian – Page: 16 : 25-Nov-21

Some 75 per cent of Oil Search’s investors will need to approve the proposed merger with Santos for the $21bn deal to proceed. Proxy adviser Institutional Shareholder Services has recommended that shareholders endorse the all-scrip offer, citing factors such as the 16.8 per cent premium over Oil Search’s share price, the pre-tax synergies and the absence of a superior offer. Wilson Asset Management also supports the merger, although Allan Gray Australia opposes it. Oil Search shareholders will vote on the deal on 7 December.

CORPORATES
OIL SEARCH LIMITED – ASX OSH, SANTOS LIMITED – ASX STO, INSTITUTIONAL SHAREHOLDER SERVICES INCORPORATED, WILSON ASSET MANAGEMENT, ALLAN GRAY AUSTRALIA PTY LTD

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 1 & 19 : 23-Nov-21

Woodside Petroleum will become one of the world’s 10 biggest oil and gas producers after it finalised a deal to merge with BHP’s petroleum division. The announcement of a binding merger deal has coincided with the long-awaited final investment decision on the $16.5bn Scarborough LNG project. Woodside will control 52 per cent of the enlarged company, in line with the original terms of the merger deal that were released in August. The merger will expand the scope of Woodside’s operations to include Australia, the US, Africa and the Caribbean.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, BHP GROUP LIMITED – ASX BHP