Oil Search green-lights takeover

OIL Search shareholders have approved of its takeover by Santos, with the final court hearing to take place in the National Court of Justice on December 9.
Oil Search green-lights takeover Oil Search green-lights takeover Oil Search green-lights takeover Oil Search green-lights takeover Oil Search green-lights takeover

Staff Reporter

More than 95% of shareholders supported the $21 billion deal.
 
"Oil Search will make a further announcement after the court has considered the matter. If the court approves the scheme, it is anticipated that it will become legally effective on December 10.
 
"If this occurs, Oil Search will apply for its shares to be suspended from trading on the PNGX and ASX with effect from the close of trade on December 10," Oil Search said.

 

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