it just stated that beach and strike could hold the cards now, and could be part of a larger play where they both become potentially acquired by a much larger Santos down the line...
I dont think its game over yet for strike to respond. I wouldn't be surprised if an offer is lobber for strike in the coming months. the question is how high would it have to be for SH and the board to look at it. I see a high 30s offer with a final bid in the 40s. based on the LT ambitious of the company likely would be rejected.
Be interested to see people's thoughts ?
Game on Santos M&A, page-5
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