SINGAPORE and PORT MORESBY, Papua New Guinea, Sept. 28, 2016 /PRNewswire/ — InterOil Corporation (NYSE: IOC, POMSox: IOC) today provided the following update regarding InterOil’s pending transaction with Exxon Mobil Corporation (NYSE: XOM) (“the transaction”):
As previously disclosed, the closing of the transaction with ExxonMobil requires a final order from the Supreme Court of Yukon. The hearing was held on September 27 and the court is considering the matter, including an objection filed by Phil Mulacek.
Completion of the transaction prior to the end of September would require issuance of a final order no later than the close of business on Thursday, September 29. ExxonMobil and InterOil intend to close the transaction promptly after the final order is obtained.