InterOil said on Monday that it expected the deal — said by ExxonMobil to be worth more than $2.5 billion — to be wrapped up this week . It will see the company’s shareholders receive US$45 (C$58.9) per share in ExxonMobil common stock and a contingent resource payment for each InterOil share they hold.
ExxonMobil first launched an offer for InterOil in July last year but the deal was knocked back after an appeals court agreed with former InterOil chief executive Phil Mulacek’s claim the offer was “fundamentally unfair” and overturned the Supreme Court’s initial approval.
