July 20 (Reuters) - Oil Search Ltd (OSH) :
- UPDATE ON CHANGE OF CONTROL PROPOSAL
- AGREES WITH SANTOS THAT THERE IS "STRATEGIC LOGIC IN A COMBINATION OF TWO COMPANIES"
- OPEN TO RECEIVING A REVISED PROPOSAL WHICH MORE APPROPRIATELY REFLECTS VALUE WHICH OIL SEARCH WOULD BRING TO ANY COMBINED ENTITY
- AT THIS STAGE NO REVISED PROPOSAL HAS BEEN FORTHCOMING
News: OSH Oil Search Says Open To Revised Takeover Proposal From Santos
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