In May, InterOil agreed to be acquired by Oil Search but on 30 June, InterOil acknowledged it received another non-binding offer even as global markets roiled in the wake of the UK's decision to exit from the European Union.
ExxonMobil's interest, which has not yet been made public by either company, is comprised of ExxonMobil stock, as well as a contingent value right, a seldom-used instrument, which may give InterOil shareholders cash on a sliding scale depending on the value of a pending gas deposit discovery, the people said.
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