Excerpt from NY Times article on Friday. Santos-NYtimes
"Scepter’s bid is timed to disrupt a planned asset and share sale worth 3 billion dollars that may take place as soon as this month, according to a person familiar with Santos’s plans. The company has allowed a number of potential bidders for its assets to conduct due diligence. Santos has also been seeking to arrange a sale of new shares to pay off some of its 8.5 billion dollars in debt, said the person, who spoke on condition of anonymity because the company’s plans had yet to be made public."
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