It's all over now but the crying and the "what if's", sad it turned out this way | IOC Message Board Posts


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Msg  13356 of 13357  at  2/22/2017 8:46:57 PM  by

bdahl385

The following message was updated on 2/22/2017 8:47:24 PM.

It's all over now but the crying and the "what if's", sad it turned out this way

 
 SINGAPORE and PORT MORESBY, Papua New Guinea, Feb. 22, 2017 /PRNewswire/ -- InterOil Corporation (IOC) (NYSE: IOC) today announced the completion of the previously announced transaction with Exxon Mobil Corporation (XOM) (NYSE: XOM). Under the terms of the transaction, ExxonMobil acquired all of the outstanding common shares of InterOil, and InterOil shareholders received 0.5459shares of ExxonMobil for each InterOil common share and a contingent resource payment (that has been deposited into escrow on closing and will be subsequently released, with applicable adjustments, following certification of the Elk-Antelope resource). With the completion of the transaction, the common shares of InterOil will be de-listed from the New York Stock Exchange.
 


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