Oil Search era draws to a close after 92 years
Opposition by some longstanding Oil Search investors including former managing director Peter Botten has failed to derail the $23 billion merger with Santos which will bring to an end the 92-year history of the proud Papua New Guinea company.
Mr Botten revealed he voted his “small percentage” of Oil Search shares against the scrip-based merger, which was however resoundingly passed by shareholders at the critical vote on Tuesday, as anticipated.
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