Santos rejects Scepter’s $7bn takeover bid

Original article by Matt Chambers
The Australian – Page: 21 & 24 : 23-Oct-15

Shares in oil and gas producer Santos closed 16 per cent higher at $A6.32 on 22 October 2015, in response to a takeover approach from Scepter Partners. The Bermuda-based private equity firm’s $A7.14bn non-binding offer is pitched at $A6.88 per share, which has been described as "opportunistic" by Santos. Romano Sala Tenna of Katana Asset Management agrees with this assessment, although Mark Samter of Credit Suisse believes that Scepter’s offer represents good value for Santos investors.

CORPORATES
SANTOS LIMITED – ASX STO, SCEPTER PARTNERS, KATANA ASSET MANAGEMENT LIMITED, CREDIT SUISSE (AUSTRALIA) LIMITED, DEUTSCHE BANK AG, HSBC HOLDINGS PLC, GLENCORE PLC, XSTRATA PLC, VODAFONE GROUP PLC, BLACKSTONE ADVISORY PARTNERS ASIA, CITIGROUP PTY LTD

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