On February 22, 2017 Exxon completed the acquisition of InterOil Corporation (NYSE) by way of a Plan of Arrangement. Under the terms of the transaction, ExxonMobil acquired all of the outstanding common shares of InterOil, and InterOil shareholders received 0.5459 shares of ExxonMobil for each InterOil common share and a contingent resource payment (that has been deposited into escrow on closing and will be subsequently released, with applicable adjustments, following certification of the Elk-Antelope resource in Papua New Guinea).
Fasken Martineau acted as counsel to the transaction committee of the board of directors of InterOil with a team that included Blair Horn, Iain Mant, William Orr, Aaron Atkinson and Leo Daniels (corporate governance and M&A) and Mark Andrews (litigation)
