InterOil Corp., a publicly traded oil and gas company, has engaged US PR support as it faces competing acquisition bids from ExxonMobil and France's Total SA.
InterOil's operations focus on Papau New Guinea and claims one of Asia's largest undeveloped gas fields. Its shares are publicly traded on the New York Stock Exchange.
The company, which previously received a takeover offer from Oil Search and the French energy provider Total SA, said July 17 that ExxonMobil stepped in with a competing, unsolicted $2.5B proposal that InterOil's board has deemed superior.
P&L Corporate Communications of Australia and Hill+Knowlton Strategies (New York) are backing the Oil Search/Total bid.
Oil Search has until July 21 to counter.
Interoil's headquarters are in Singapore.
Joele Frank partner James Golden is handling US media for the company regarding the takeover offers.
Why tracking macroeconomic, legislative and consumer confidence indicators is a beneficial habit for PR agency leaders to adopt.
For public relations agency owners planning to sell, preparation and investment across several key areas will yield the highest valuations and exit terms in 2026.
Kekst CNC represents the DallasNews Corp. as it gets acquired by Hearst Corp. for about $75M. The 140-year-old Dallas Morning News will join Hearst's 28 dailies.
