Based on Santos’ closing share price of $12.80 on 13 October 2011 and the transaction exchange ratio of 0.06881 Santos shares for each ESG share held2, the implied offer price is currently $0.88 per ESG share, representing a 48% premium to ESG’s share price immediately prior to the offer.
Yes but what is STO price on the day of takeover going to be?
Based on Santos’ closing share price of $12.80 on 13 October...
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