New takeover bid for Santos
Leading Australian oil and gas company Santos has announced that it has received an offer from Harbour Energy regarding the acquisition of the company in a deal worth $13.5bn.
The offer price represents a premium of 28 per cent to the last closing price of Santos of A$5.07 per share on 29 March 2018; and 30 per cent to the one month volume weighted average share price of Santos of A$5.00 per share up to 29 March 2018.
Santos said it was Harbour Energy's fourth unsolicited bid for the Adelaide-based company, which has stakes in several liquefied natural gas (LNG) projects in a region where gas demand is soaring. The bid consist of 6.13 Dollars per share in cash and a 0.37 USD per share in dividend.
On Tuesday, it revealed Harbour had returned with proposals at $6.25 a share on March 22 and $6.37 a share on March 27.
Harbour has indicated that funding for the transaction is to be provided in the form of US$7.75 billion of debt that is to be underwritten by J.P. Morgan and Morgan Stanley and the balance in equity from Harbour, other EIG managed funds and Mercuria Global Energy. The board had decided at the current price of $6.50, it was now in shareholders' best interests to engage further with Harbour.
BlueCrest Capital Management Ltd Acquires Shares of 20310 Hanesbrands Inc. (HBI)
Marsh, Insider, sold 11,100 with an average share price of $22.57 per share and the total transaction amounting to $250,527.00. Davide Leone & Partners Investment Company Llp bought 295,000 shares as the company's stock declined 10.37% with the market.
Deal reached to resettle African migrants in West
It said the new framework will include a development and rehabilitation plan for southern Tel Aviv . A fence Israel has built over the past few years along the frontier has largely stemmed the flow.
Intel's i9-8950HK CPUs in Laptops at 6C/12T, 4.8GHz
Intel also expanded its eighth-generation desktop-class processor lineup today, with the Core i3-8300, i5-8500, and i5-8600. That said, gaming is still not going to see a huge hike in performance with these new six-core chip.
As part of this effort, the companies have signed a confidentiality agreement to give an opportunity for Harbour to undertake confirmatory due diligence.
The deal has not been finalised and is still subject to a number of conditions, including completion of due diligence, regulatory approvals and the allocation of 15-20 per cent of outstanding Santo shares to be used for the formation of a special objective company called Harbour RollCo.
Santos has advised its shareholders to take no action in response to the offer.
Santos has granted due diligence to Harbour - whose first proposal in August previous year was for $4.55 per share - but warned shareholders the proposal may still not result in an acceptable offer.
Recommended News
-
03 April 2018Four Pakistani Christians Killed In Attack Claimed By Islamic State
The Christian family was traveling to the city, which is known for its large Christian community. IG Moazzam Jan explained that the attack on the Christians, appeared to be a targeted attack.
03 April 2018Oladipo Named Player of the Week for Third Time This Season
The Pacers have climbed the rankings this season in steals per game (#3), field goal percentage (#6) and turnovers per game (#6). He made 14 of his 24 attempts from the field, for a 58.3% field goal percentage (5/5 from the line, 2/5 from three-point range).
03 April 2018David De Gea 'Set to Sign' New Five-Year Manchester United Contract
It has to be done in their eyes. 'Zlatan leaving has freed up more wiggle room on wages and United don't want to drag it out. The Spaniard is set to become United's second best-paid player, behind Alexis Sanchez , who is on around €576.000 a week. -
03 April 2018The CW hands out early renewals to ten series
The actress posted an airplane selfie with her co-stars, including Vincent Rodriguez III, Gabrielle Ruiz, and Pete Gardner, to announce the news.
03 April 2018Boston Celtics: Gordon Hayward Jogging on Court
During an interview over the weekend, Brad Stevens told reporters that he believes that Dwyane Casey should be Coach of the Year. I don't think that's ever been done, correct me if I'm wrong. "And the combination of those two has led to the season.".
03 April 2018State to host Sexual Assault Awareness Week
In 2010, President Barack Obama issued a proclamation making it official. Every year, t-shirts are hung from clotheslines to kick off the week. -
03 April 2018Cheney boys tennis starts season with win over Lakeside
As a junior, he was on CU's conference championship team and in his last playing season, he made honorable mention all-conference. In 2013 Skye avoided relegation due to a league restructure and the following season lost a promotion play-off against Mazenod.
03 April 2018Valeant Pharmaceuticals International's (VRX) "Positive" Rating Reaffirm at Guggenheim
Aqr Capital Management Llc acquired 558,361 shares as Valeant Pharmaceuticals Intl ( VRX)'s stock declined 28.77%. Perceptive Advsrs Ltd Liability holds 0.02% of its portfolio in Valeant Pharmaceuticals International, Inc .
03 April 2018Google Chrome BLOCK will see cryptocurrency mining apps BANNED
Google is no longer accepting any new cryptocurrency mining extensions on its Chrome browser's web store. It consumes high levels of CPU power and can severely impact system performance. -
03 April 2018Stoke win sets Arsenal up for Europa League tie - Wilshere
January signing Pierre-Emerick Aubameyang netted twice, with Alexandre Lacazette completing the scoring from the spot. Poor first half from ArsenalArsenal played one of their season's worst footballing half during the first 45 minutes.
03 April 2018Last Batch Of Team Nigeria Departs For Commonwealth Games
Ciara Mageean has been named as Northern Ireland's athletics team captain for the Commonwealth Games, which begin on Wednesday . India's boxing squad includes eight males and four females.
03 April 2018Australia vs South Africa, day four of the fourth Test in Johannesburg
I would also add that if he thinks he can bluff the public by denying he cheated, he is seriously mistaken. Captain Faf du Plessis hit 120 and Dean Elgar made 81.
