The $23 billion merger between Oil Search and Santos has been approved by the PNG Court, satisfying the final condition for the scheme to take effect on Friday.
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Oil Search said on Tuesday its $8.8 billion buyout by Santos received overwhelming support from its shareholders, with over 95 per cent of votes in favour of the deal.
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Santos’ $21 billon merger with Oil Search faces another slight delay after the Papua New Guinea National Court again deferred the date for the first court hearing for the transaction. Read More