Santos has rejected a $6.88 per share offer from Scepter Partners, a shadowy merchant bank that represents Middle Eastern interests:
That’s 26% above yesterday’s close. Gas fireworks today. Scepter itself is quite mysterious:
Scepter Partners is a standing capital syndicate of ruling families, ultra-high net worth industrialists and sovereign investors who have combined resources to invest in off-market large cap transactions globally. Headquartered in Bermuda with offices in New York, London and Beijing, Scepter was founded to sponsor the acquisition of large cap assets.
We are discerning and disciplined investors with a long term horizon. We play a vital role in providing businesses with the capital to realize their growth potential. We uncover value by identifying great companies and enhancing their performance by providing patient capital and partnering with strong management teams. This capital helps our portfolio companies launch new business initiatives, make transformational acquisitions and upgrade technologies and systems to support their long-term plans.
Our investments are not restrained by traditional private equity models where there is a need for a more stringent time frame on exit and commercialization. We seek to develop exceptional long term value in our assets as an absolute return investor.
One wonders if one does’t detect the invisible hand of Qatar.
