PNG shareholders InterOil urged to vote against Exxon takeover bid
InterOil Shareholders in Papua New Guinea and across the world are being urged to vote down ExxonMobil’s takeover bid.
Last month Exxon trumped an earlier bid by the Australian company Oil Search with an offer valued at around $US2.5 billion dollars.
Phil Mulacek, founder of InterOil and former Managing Director, still holds more than five per cent of InterOil shares.
He says shareholders in PNG and elsewhere could be left billions of dollars out of pocket and he’s ready for a fight.
Source: Pacific Beat
Duration: 4min 6sec