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Woodside Petroleum not looking to buy Oil Search, CEO says

Woodside Petroleum (OTCPK:WOPEF) is not interested in launching a takeover offer for Oil Search (OTCPK:OISHF), CEO Peter Coleman tells The Australian.

Coleman says Woodside is considering multiple potential M&A opportunities but that any deal is unlikely in the coming months.

In 2015, Woodside made a proposal to acquire Oil Search for one Woodside share for every four Oil Search shares held.

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