STO 0.00% $6.79 santos limited

Takeover bid coming from Linda cook?, page-7

  1. Mkr
    2,156 Posts.
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    In all seriousness, me ready to cash out $$ kaching ching$$

    “The indicative pricing of a pitch that is expected to be ready to re-present to Santos within weeks is circa $5.30 a share, which would represent a 21 per cent premium to Wednesday's closing price of $4.38, but a more modest 11 per cent over the recently achieved year high of $4.78.
    That said, given the offer arrives with acceptable certainty and some potential for further discussion over a more appropriate control premium, there remains much to discuss, given that the indicative pricing would represent an 85 per cent hike on the year low of $2.87.”
 
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