Via the AFR:
US private equity firm Harbour Energy has renewed its takeover tilt for Santos, lobbing a $13.5 billion cash takeover offer with a high enough price to get engagement from the board, but with foreign investment approvals still outstanding.
The $6.50 a share proposal is the fourth from Harbour after two made in March at lower prices and its original $4.55 a share proposal in August that revealed the ambitions of the firm to build an oil and gas business in Australia. It is 28 per cent higher than Santos’s last close of $5.07.
