Oil Search is offering InterOil shareholders 8.05 Oil Search shares, giving the Oil Search share component of the deal an implied transaction value of $40.25 per share, based on Oil Search’s 10-day volume weighted average price to 19 May valuing the company at $2.2 billion.
The proposed deal also includes a contingent value right which entitles holders to an uncapped contingent cash payment that is linked to the volume of best estimate contingent resources at the Elk-Antelope fields.
Oil
