May 22 (Reuters) - Australia's Santos (STO) said on Tuesday it terminated discussions with Harbour Energy and rejected the U.S.-based firm's final takeover offer of $10.8 billion.
"(The board) resolved to reject the final proposal on the basis that it does not represent a full value of the company," Santos said in a statement.
Harbour made the final offer for Santos this week, hiking its bid for a fifth time in nine months after a steep rise in oil prices.
News: STO Australia's Santos rejects Harbour Energy's final $10.8 bln takeover offer
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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 |
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| STO (ASX) Chart |
