MARKETS

Mulacek loses InterOil rumble

PHIL Mulacek’s battle to keep InterOil as a separate company may have failed, and while his court action resulted in a “deficient” increased offer, even more shareholders signed up for ExxonMobil’s offer.

Haydn Black

At a meeting held on Valentine's Day, InterOil shareholders were so enamoured with ExxonMobil's revised offer that more than 91% of votes were cast in favour of the transaction. That was up from...

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