The Santos announcement today :
"On 14 August 2017 Santos received a confidential, non-binding conditional and indicative proposal from Harbour Energy to acquire all the shares in Santos by way of a scheme of arrangement. The indicative price was AUD$4.55 per share. The Board rejected the approach on the basis that the indicative price was inadequate and the sources of funds were uncertain.
Santos receives a range of proposals from time to time and is at all times in compliance with its continuous disclosure obligations."
Why didn't we the shareholders know about earlier than now?
"continuous disclosure" -- what does it mean ?
The board knew about it 3 months ago
Would they have told us if not for the media speculation?
Takeover bid coming from Linda cook?, page-50
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