July 21 (Reuters) - Exxon Mobil Corp (NYSE:XOM) XOM.N :
* ExxonMobil to acquire Interoil in transaction worth more than $2.5 billion
* Boards of directors of both companies unanimously approve terms of agreement
* Exxonmobil to pay $45 per share plus additional cash payment based on elk-antelope resource size
* Acquisition adds to ExxonMobil resources in successful Papua New Guinea business
* Deal includes CRP of additional $7.07/share in cash per TCFE Gross Resource Certification of Elk-Antelope field above 6.2 TCFE, up to 10 TCFE
* Venturers and government to evaluate processing of gas from Elk-Antelope field by expanding PNG LNG project
* Oil Search transaction terminated
* Interoil board unanimously recommends that Interoil shareholders approve ExxonMobil transaction
* Davis Polk & Wardwell LLP and Blake, Cassels & Graydon LLP served as legal advisers to ExxonMobil in relation to ExxonMobil transaction
* Previously scheduled special meeting of shareholders to vote for approval of Oil Search transaction has been cancelled
* Credit Suisse (SIX:CSGN) (Australia) Limited, Morgan Stanley & Co (NYSE:MS). LLC, UBS served as financial advisers to Interoil in relation to ExxonMobil deal
* CRP will be paid on completion of interim certification process in accordance with share purchase agreement with Total SA (PA:TOTF)
* Deal to be implemented by court-approved plan of arrangement, to require approval of at least 66-2/3 percent votes cast by Interoil shareholders Source text for Eikon: Further company coverage: XOM.N IOC.N
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