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Supreme Court of Yukon approves acquisition of InterOil by Exxon Mobil

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Staff Writer | October 10, 2016
Exxon Interoil
Acquisition   After a contested hearing held on September 27

InterOil Corporation said that the Supreme Court of Yukon approved the pending transaction with Exxon Mobil, including finding that the transaction is fair and reasonable.

The decision of the Supreme Court of Yukon followed a contested hearing held on September 27, 2016.

Phil Mulacek, who contested the transaction at the previous court hearing, has filed a notice of appeal and requested a stay of the Supreme Court’s decision pending such appeal.

InterOil intends to seek to have any appeal heard on an expedited basis, and InterOil and ExxonMobil intend to close the transaction promptly following receipt of a favorable resolution.

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