I don't believe 40% is right, unless they were stumping up extra capital alongside the other funders. The proposal specifically states that Hony and ENN would together hold a 15% stake in the new entity that would be created as the holding company for Santos.
"Not taking $7 at this time in the current environment is crazy." – you're effectively saying that Hony and ENN were crazy for wanting to retain their stake instead of getting $7.
It's pretty hard to argue that the bid was compelling when such important stakeholders as these were not interested in it.
I don't believe 40% is right, unless they were stumping up extra...
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Last
$6.84 |
Change
-0.080(1.16%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.92 | $6.94 | $6.75 | $97.69M | 14.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 96681 | $6.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.84 | 5679 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |