CAPITAL MARKETS

Orogen in $1.4 billion merger with Oil Search

JUST as the Normandy/AngloGold/Newmont saga draws to a close a new chapter in the consolidation of Australia's resources sector has opened with Orogen Minerals and Oil Search announcing a $1.4 million merger proposal.

Greg Tubby
Orogen in $1.4 billion merger with Oil Search

Under the proposed deal Orogen shareholders would receive 1.2 Oil Search shares plus 45c cash per share, valuing the company at $.197 - a 22% premium to Orogen's $1.62 closing price Friday. The merged...

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