MARKETS

Analysts support strong Santos bid

THE focus for private equity firm Harbour Energy’s A$13.5 billion bid for Santos, its fourth since August, will be global LNG market exposure, but analysts say the hurdles are all domestic.

Helen Clark

Santos' Gladstone LNG project

The private equity firm is offering US$4.98 per share or A$6.50, which is a 28% premium on Santos' last closing price of $5.07 and 30% overall for the past 30 days of trading. Harbour is funding...

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