Oil Search's (ASX:OSH) board has rejected Woodside Petroleum’s (ASX:WPL) offer of one Woodside share for every four Oil Search shares, which valued the company at circa $11.6 billion.
The valuation was around a 14% premium.
Oil Search has a material equity position in the PNG LNG Project.
Shares in Oil Search closed on Friday at $7.45, which is around a third higher than the recent $5.62 lows.
This is though well down from the $9.30 where the company was trading a year ago, which was before the re-rating in global oil prices.
- Forums
- ASX - By Stock
- OSH
- News: Oil Search says no to Woodside Petroleum
News: Oil Search says no to Woodside Petroleum
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OSH (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online