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Woodside Petroleum CEO Peter Coleman says Oil Search bid 'full price'

2015-10-04 16:17:56| Oil & Gas - Topix.net

Woodside Petroleum chief executive Peter Coleman feels no urgency to put forward a higher bid in the company's $11.6 billion takeover tussle for Oil Search , or to sweeten the offer with cash. Speaking for the first time on Woodside's rebuffed scrip-based approach for the Papua New Guinea oil and gas player, Mr Coleman robustly defended the one-for-four share proposal that was rejected by Oil Search's board, which described it as with "little merit" and "grossly undervalues" the company.

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