Proposed ExxonMobil transaction 2016

InterOil shareholders approve ExxonMobil purchase bid

More than 80 percent were in favour of the proposed transaction by ExxonMobil to acquire all outstanding shares of InterOil Corp announced last month, valued for more than $2.5 billion.

"I would like to thank our shareholders for their overwhelming support for this value-creating transaction," InterOil chairman Chris Finlayson said.

"This transaction delivers shareholders a material and immediate premium, a potential direct cash payment based on the Elk-Antelope resource certification and exposure to future value through ownership of ExxonMobil shares.