AFR Street Talk has today opened the can on discussion about a potential takeover of Oil Search by Woodside

James Marlay

Livewire Markets

AFR Street Talk has today opened the can on discussion about a potential takeover of Oil Search by Woodside. Oil Search is an obvious takeover candidate for Woodside and it appears the chairmen of the two energy organisations have arrived at the same conclusion. According to well placed sources, Rick Lee and Michael Chaney have held informal talks at least twice on a potential $11 billion plus deal. While it's understood these conversations have been casual and inconclusive, it provides more grist to the rumour mill of an impending merger. Woodside's decision to jettison plans to buy into the $US2.5 billion Leviathan gas venture in Israel may deliver another impetus as the Perth-based gas producer casts around for future growth. It will be interesting to see how the market responds this morning.... For AFR subscribers you can access the article here: (VIEW LINK)


2 topics

James Marlay
Co Founder
Livewire Markets

Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions. Safe investing and thanks for reading Livewire.

Expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter