Ann: Revised Santos proposal intention to unanimously recommend, page-61

Seriously???


It isn't a firm deal yet - not binding
You can have your $ tied up for months awaiting process to play out?

OSH price ( bar dividends by both companies) now locked together ta hip . If STO has any bad news it will kill teh bid or teh % will need revising STO can withdraw without penalty.

All these lead to reason for discount. Upside could be a 2nd bidder

There is no guarantees in this one especially with fresh OSH management.