M&A sponsors will own 13% of buyer Sysco upon closing of cash, stock and assumed-debt deal.
European stocks are mixed and most Asian stock indices end the day higher after above-forecast Chinese export data.
The deal could be worth $1.5 billion to $3.6 billion according to InterOil, or $1.2 billion according to Total.
European markets are up in early trading Friday, with oil and mining stocks leading the indices higher. Investors await U.S. jobs numbers.
The Federal Communications Commission on Wednesday made its first use of streamlined procedures, as part of a broader effort to attract more foreign capital into the U.S. telecom and media sectors.
The Deal Economy Conference is taking place at the NYSE, with a stellar lineup of speakers including TheStreet's Founder Jim Cramer, Peter Orszag, vice chairman of Corporate and Investment Banking at Citigroup and Robert Nardelli, the former CEO of The Home Depot and Chrysler.
European stocks are little changed Thursday as policymakers at both the European Central Bank and the Bank of England prepare to meet to set rates.
European stock indices edge higher on Wednesday, regaining ground after two days of losses, while Asian indices largely finish the day in the red.
The city of Detroit, Michigan, can stay in bankruptcy.
NCR bought Digital Insight for $1.65 billion.