DataRoom AM: Slick moves

PNG shuts the door on an Oil Search stake sale, but Woodside still eyes investment in the country.

The Papua New Guinea government has found a way to retain its stake in the ASX-listed Oil Search, but will the move pave the road for takeover activity? It’s not the only big news in PNG, with Woodside Petroleum, Oil Search and Santos Limited seen scrapping for a slice of InterOil’s giant projects in the region.

Elsewhere, the ACCC hints at turning the three-horse race for Macquarie Generation on its head, Billabong International considers offloading its online retail companies and another Australian agribusiness group gets snapped up.

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