The convincing 95 per cent vote in favour of the $23 billion merger with Santos did not include former Oil Search CEO Peter Botten, who says the deal was done “far too cheaply”.
Papua New Guinea’s Oil Search is set to be swallowed up by Santos after proxy voting released ahead of Tuesday’s meeting came in strongly in favour of the $21 billion merger.
A few shareholders have resolved to vote against the $21 billion merger deal with Santos because they say the Papua New Guinea oil and gas producer is being sold on the cheap.
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