Inside Alaska Business
Santos | Oil Search
Santos and Oil Search reached an agreement on the merger ratio under a proposed merger and additional terms. Under the Revised Merger Proposal, Oil Search shareholders will receive 0.6275 new Santos shares for each Oil Search share held via a Scheme of Arrangement. Following approval of the Scheme, Oil Search shareholders will own approximately 38.5 percent of the merged group and Santos shareholders will own approximately 61.5 percent. The Board of Oil Search has confirmed that, subject to the completion of confirmatory due diligence and the agreement of a binding Merger Implementation Agreement, their intention is to unanimously recommend the Revised Merger Proposal, in the absence of a superior proposal and subject to an independent expert concluding that the Scheme of Arrangement is in the best interests of Oil Search shareholders. |
Alaska USA
Alaska USA Federal Credit opened its newest, fully redesigned, digitally focused branch located in North Pole. The new facility was the latest opening in a series of branches created in collaboration with a design company. The new space is an environment that completely reimagines what it means for members to engage with their credit union—and for the credit union to engage with members. “As part of our efforts to improve the member experience we are evaluating our branch presence and delivery service models in each of the communities we serve,” says Shannon Conley, executive director of Retail Financial Services. “Relocating the North Pole branch to the mall and updating its look will assist in our efforts to cast our branches as places where people can go to receive financial education, advice, and complete their transactions.”
Ucore Rare Metals recently joined the National Mining Association (NMA) as the company prepares to construct the Alaska Strategic Metals Complex rare earth element processing facility by the end of 2023 and seeks to accelerate the long-term development of the Bokan-Dotson Ridge Rare Earth Element Project. Ucore’s membership in the NMA coincides with the Biden Administration’s continued efforts to strengthen the domestic supply chain by positioning America to drive the electric vehicle future forward, outcompete China, and tackle the climate crisis.
Focused on attracting and retaining businesses and workforce in state, the Anchorage Economic Development Corporation has launched a tool to support the needs of both employers and job seekers: a new, free website that collects all the online job postings across Anchorage in an organized, easy-to-navigate location. pulls existing job listings into a database that allows job seekers to filter and search by employer, occupation/job title, industry, skill, certification, and more. Because the tool scrapes the web for postings that are already active, employers get more visibility on the jobs they post online with no additional steps—their listings automatically show up on There are no fees to use the site, it’s free for job seekers and employers. Additionally, links directly to the original postings, ensuring that applications go right to the source.
The Radio Television Digital News Association (RTDNA) recently announced the recipients of the 2021 National Edward R. Murrow Awards, recognizing Alaska News Nightly, a radio newscast created by Alaska Public Media (AKPM) in collaboration with partner stations throughout Alaska. The award, which AKPM received for Alaska News Nightly, is in the Small Market Radio category for Newscast. This recognition follows a 2020 win for Excellence in Video for the short film “The Legacy of Maryann Sundown and Agnes Aguchak,” which was co-produced with partner station KYUK. Among the most prestigious recognition in journalism, RTDNA has been honoring recipients with the Edward R. Murrow Awards since 1971.