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.

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Author: Todd

Todd has worked in the financial industry for 20 years. During this time, his primary focus has been in the Foreign Exchange, Global Equities and Fixed Income areas. Todd has also served as a Judicial Advocate in several tax cases in the US Federal Court.