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Exxon Mobil Corporation (NYSE: XOM) and InterOil Corporation (NYSE: IOC, POMSoX: IOC) today announced an agreed transaction worth more than $2.
Jim Cramer says ExxonMobil's $2.2 billion bid for InterOil isn't that much money for Exxon, but is 'anything but conservative.'
Thwarted bidder Oil Search has until July 21 to lift its offer, and says it still sees 'very material benefits' from the purchase.
U.S. stock futures are pointing higher Monday ahead of earnings from the banking and tech sector and as investors largely shrug off a failed coup attempt in Turkey.
Oil Search's bid is underwater and in the wrong currency, while Exxon is better positioned to squeeze cost savings out of a deal.
Sources corroborate press reports that the Irving, Texas oil producer is taking on Oil Search.
- Results of annual meeting show widespread frustration and dissatisfaction with InterOil Board.
Cramer says Time Warner is a good stock but you should sell Interoil.
How does Cramer know that investors are getting careless? Because they see takeovers everywhere.
Stocks are on track for a weekly gain on Friday as a better-than-expected quarter from Applied Materials alleviates worries over the health of the tech sector.
Stocks maintain big gains on Friday morning as a better-than-expected quarter from Applied Materials alleviates worries over the health of the tech sector.
Stock futures are slightly higher on Friday as the two-day intense focus on the Federal Reserve and its rate hike plans begins to ease.
The $2.2 billion arrangement ends years of jockeying for control of Papua New Guinea's Elf-Antelope field.
U.S. stock futures are pointing to a rebound Friday on Wall Street after fears of a rate hike from the Federal Reserve led to a selloff in the previous session.
A mining recovery helps push the FTSE 100 higher, while the Dax rises after more weak price data.
- InterOil fails to call validly requested special meeting of shareholders
Investors in InterOil Corp. saw new options become available this week, for the September 16th expiration.
Traders should be getting short as soon as a decline appears to be materializing.
It may not be the resumption of the bull market, but a further advance is likely.