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Exxon broke up a transaction between InterOil and Oil Search last July that would have resulted in the sale of shared assets in a Papua New Guinean.
Jim Cramer says ExxonMobil's $2.2 billion bid for InterOil isn't that much money for Exxon, but is 'anything but conservative.'
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.