From today's AFR:
"A move on Quadrant would likely need Santos to fund the acquisition with a large equity raising.
Back of the envelope calculations from one analyst pegged such an equity offer at about $3 billion.
Santos shares closed at $6 on Thursday, well south of Harbour Energy's offer. Any raising would be expected to be done at at least a 10 per cent discount to its trading price, which means an offer to shareholders in the low $5 a share range.
So its shareholders could go from a $7-odd payday - albeit with a few conditions attached - to tipping in funds at around the $5 mark."
From today's AFR: "A move on Quadrant would likely need Santos...
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Last
$6.61 |
Change
0.020(0.30%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.60 | $6.61 | $6.56 | $42.07M | 6.373M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 64277 | $6.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.61 | 276788 | 11 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |
