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."
Ann: Santos rejects Harbour proposal and terminates discussions, page-219
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$7.67 |
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Mkt cap ! $24.91B | |||
| Open | High | Low | Value | Volume |
| $7.81 | $7.82 | $7.65 | $57.14M | 7.425M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22722 | $7.67 |
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| Price($) | Vol. | No. |
|---|---|---|
| $7.69 | 11730 | 4 |
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