Supreme Court of Yukon approves acquisition of InterOil by Exxon MobilStaff Writer | October 10, 2016
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.
Acquisition After a contested hearing held on September 27
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. ■