STO 0.38% $7.89 santos limited

Ann: Santos rejects Harbour proposal and terminates discussions, page-168

  1. 4,868 Posts.
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    "Look what happened share price declines" – you didn't seriously think that a $7 offer (for example) means that the shares should trade at $7 in the absence of a bid did you??

    The bid has to compensate holders for growth, income, and opportunities lost.

    (position and sentiment changed)
 
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