SYDNEY, Nov 16 (Reuters) - A consortium of global energy investors has approached Australian oil and gas major Santos Ltd (STO) with a proposal for an all-cash takeover worth A$11 billion ($8.34 billion), media reported on Thursday.
The Australian Financial Review reported Linda Cook, a former executive director of Royal Dutch Shell
, had recently approached the Santos' board with an invitation to support a scheme takeover. Indicative pricing for the bid was expected to be around A$5.30 per share, a 21 percent premium to Wednesday's closing price of A$4.38. The pitch was expected to be ready to present to Santos within weeks, the AFR said without citing sources.
($1 = 1.3186 Australian dollars)
News: STO Australia's Santos target of proposed investor takeover bid-report
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Last
$6.82 |
Change
0.100(1.49%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.72 | $6.84 | $6.71 | $42.88M | 6.307M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13309 | $6.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.83 | 58478 | 6 |
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