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InterOil: An Object Lesson For Shareholder Exits

By Mitchell Posner

For years, InterOil (NYSE: IOC) wasn’t taken seriously as an E&P company. The business press used words like “fluky.” It’s now a mainstream LNG producer, and has provided a considerable return for its shareholders.

Last week, the company announced that Oil Search will acquire InterOil, exchanging 8.05 shares for each share of InterOil, about $40.25 per share[1] in U.S. dollars. The offer is valued at approximately $2.2 billion, per the announcement.

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