Business News

91% Approval for ExxonMobil Deal

ExxonMobil’s proposed acquisition of InterOil looks more likely to go ahead, with InterOil shareholders voting in favor of this deal.

In a special meeting overnight, an overwhelming 91% of shareholders voted “For” the deal.

In a statement following the results, InterOil says they now look forward to the court hearing in which InterOil is seeking a final order with respect to the Amended and Restated Plan of Arrangement is currently scheduled for February 20, 2017.

The ExxonMobil proposal – first made known in July 2016, is valued at K7 billion.

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