The indicative offer price is comprised of the following components: + A cash offer price of US$4.70 per share (equivalent to A$6.131 per share); plus + A special dividend of US$0.28 per share (equivalent to A$0.371 per share) which is expected to be fully franked2 . For those shareholders able to realise the full value of Santos’ franking credits, the special dividend would represent additional value over and above the indicative offer price of up to A$0.161 per share.
STO Price at posting:
$5.89 Sentiment: Hold Disclosure: Held