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...
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add STO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.72 |
Change
0.030(0.45%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.74 | $6.77 | $6.72 | $43.42M | 6.449M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 104139 | $6.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.73 | 10465 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |
