"bidding against themselves" is not the right way to think about this. They are negotiating with the Santos shareholders and bidding up the price to find the point where the best alternative for the STO shareholders is to accept an offer.
Ann: Revised Harbour Energy proposal, page-40
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$6.72 |
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Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1375 | $7.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.39 | 2116 | 1 |
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