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Mulacek blasts Oil Search offer

INTEROIL founder and major shareholder Phil Mulacek has reacted with predictable fury to Oil Search's $3 billion takeover of Papua New Guinea-focused explorer, saying the board's decision to recommend the offer "demonstrated their lack of alignment" with shareholders.

Mulacek blasts Oil Search offer

Mulacek, who claims to represent around 7.5% of the issued shares, has been fighting to make fundamental changes to InterOil, which would make a takeover offer almost impossible below $60 per share, and...

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