Deals
Woodside CEO Plays Waiting Game in Oil Search Takeover Quest
- ``Don't always have to sweeten deals,'' Woodside CEO says
- Brent crude oil prices have slumped 44% the past year
Woodside CEO Says Oil Search Offer Is 'Fully Priced'
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Woodside Petroleum Ltd. Chief Executive Officer Peter Coleman sees more time, not money, as the key to securing a takeover of Oil Search Ltd.
“You don’t always have to sweeten deals,” Coleman said in an with Bloomberg TV’s Angie Lau on Monday. “What happens is that over time, expectations come together. You’re starting to see some M&A activity in Australia post the approach we made to Oil Search and you can see that peoples’ view of the world is starting to get a little closer.”