The Australian Financial Review | Oil Search concedes defeat in $US2.5b InterOil takeover tussle The Australian Financial Review Oil Search has walked away from the $US2.5 billion takeover battle for InterOil, with managing director Peter Botten saying that the acquisition of the Papua New Guinea explorer by rival ExxonMobil would deliver almost as many benefits to shareholders ... Oil Search bows to ExxonMobil in battle for InterOil InterOil takeover: Oil Search yields to ExxonMobil, will not make counter bid Oil Search Abandons Bid for InterOil, Clears Path for Exxon |