STO 1.59% $6.81 santos limited

The current value of a stock always includes the value of future...

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    The current value of a stock always includes the value of future cashflows. This is a fundamental concept

    So you are arguing for doubling-up on two components of cashflow (future growth and dividend) that are already factored into the price.

    Harbour have made an offer, and they have increased it without a third party intervening. So they absolutely have "bid against themselves". This is a oft-used and well understood term.
 
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