AUSTRALIA

Santos can’t quite corner Delhi

DELHI Petroleums largest shareholder, Westpac, has received an unsolicited offer for Delhi from a...

Various Westpac subsidiaries hold 45% of Delhi.

Westpac Resources and Infrastructure has told Santos that in its opinion, the unsolicited offer would be of greater value to the holders of Floated Interest Energy LinkeD Securities than Santos’ $83.25 per FIELDS offer.

Westpac Resources said it would hold discussions or negotiations in respect of the unsolicited offer.

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