Harbour Energy Offers $13.5 Billion For Santos

US-based, private equity firm Harbour Energy has raised it’s takeover offer to $13.5 billion for oil and gas producer SANTOS. 

This is the third offer since last August and pencils out to $6.50 per share.

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The bid represents a 30% premium over last Friday’s closing price of $5.07 per share.

STO was added to our ASX Top 100 Model Portfolio at $4.82 on February 12th.

Santos

 

 

 

 

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