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Daily Archives: September 5, 2018

Santos: correct to reject Harbour’s overtures

ArticlesBy Jon MillsSeptember 5, 2018Leave a comment

After an extended courtship with private equity-backed Harbour Energy, in May this year Adelaide-based oil and gas producer Santos (ASX: STO) abruptly rejected its suitor’s overtures. Amongst other things, Santos argued that the bid – then valued at $6.86 per share – undervalued the company while also being too complex, resulted in the unequal treatment…

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