US-based, private equity firm Harbour Energy has raised it’s takeover offer to $13.5 billion for oil and gas producer SANTOS.
This is the third offer since last August and pencils out to $6.50 per share.
The bid represents a 30% premium over last Friday’s closing price of $5.07 per share.
STO was added to our ASX Top 100 Model Portfolio at $4.82 on February 12th.
Santos