After the Bell
Before the Bell
Jim Cramer's Daily Booyah
Winners & Losers
SOURCE InterOil Corporation
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.
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