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Australia's Santos says not currently in takeover talks
November 16, 2017 / 12:46 AM / a month ago

Australia's Santos says not currently in takeover talks

(Reuters) - Australian oil and gas company Santos Ltd said on Wednesday it was not currently in discussions with U.S. investment vehicle Harbour Energy following a media report of takeover talks.

Santos, however, confirmed it had received a takeover proposal from Harbour in August with an indicative price of A$4.55 per Santos share. The board rejected the bid as the price was “inadequate” and the sources of funds were uncertain, the company said.

Reporting By Rushil Dutta in Bengaluru; Editing by Richard Pullin

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