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May 22 (Reuters) - Australia's Santos (STO) said on Tuesday it...

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    22/05/18
    19:20
    Post #: 33257953

    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.

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