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Fly News Breaks for November 7, 2016
XOM, IOC
Nov 7, 2016 | 08:51 EDT
After an appeals court overturned a lower court's approval of InterOil's (IOC) deal with Exxon (XOM), Bernstein analyst Neil Beveridge says that the ruling "was largely related to procedural issues." He thinks that the deal will close in late 1Q17 despite the court's ruling. However, he keeps a Market Perform rating on InterOil.
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