STO 2.63% $7.02 santos limited

Will Santos ever recover?, page-280

  1. 213 Posts.
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    Typical premium range is 30-50%

    And Harbour would argue (fairly) that the initial approach had already lifted the share price to a disturbed level it wouldn't have otherwise traded have from.

    Market reaction - pricing in only 60% of the potential offer - says no way will it get to $7 (in absence of a competing bid, or a massive surge in oil price).
 
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