Street Talk
Macquarie says Woodside in no rush on Oil Search bid
Edited by Sarah Thompson, Anthony Macdonald and Jake Mitchell
Updated
Macquarie Research analysts reckon Woodside Petroleum is in no rush to boost its $11.6 billion bid for Oil Search and is more likely wait for potential interlopers to emerge.
Papua New Guinea oil and gas company Oil Search last month rebuffed Woodside's $7.65 a share offer, which was foreshadowed by Street Talk.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Jake Mitchell is a former Fairfax Media journalist. Connect with Jake on Twitter.
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