MARKETS

Santos board unanimously rejects Harbour offer

SANTOS has formally rejected the latest bid from US-based Harbour Energy, the sixth, saying the binding offer is too low and contains too many conditions.

Helen Clark

Santos CEO Kevin Gallagher

Santos disliked the terms of the scheme of implementation, which it said could expose shareholders to higher levels of risk, the lack of an Australian dollar component, the constricting terms of the...

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