Woodside’s bid for Oil Search

Woodside's proposed bid for Oil Search will make the combined group an attractive business.

Oil Search and Woodside Petroleum have announced that they're in talks about a potential merger although, so far, no deal has been struck. The proposal involves Woodside paying 0.25 shares for every share of Oil Search, valuing the driller at $11.7bn.

Predictably, Woodside’s share price fell and Oil Search’s surged to close above the implied bid price of about $7.70, suggesting the market expects a better offer to come. We concur.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles