STO 3.44% $7.59 santos limited

$3.85 a share entitlement offer ??, page-55

  1. 850 Posts.
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    Well said Pbnewby

    I have a query on agony though and potential blocking stake.

    A) I read in the newspaper that Hony cannot sell its stake without Santos approval. Therefore, would a takeover be unlikely?

    B) Also, would a takeover be more unlikely after 3 months time, where it can accumulate up to 10% of shares?

    C) Therefore, if a predator is interested in STO, a hostile bid is more likely, and it will be sooner rather than later- as it would be more difficult later

    Appreciate others thoughts on A) to C) above

    Mr P
 
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