US energy investors lining up $11b tilt for Santos

Original article by Matthew Stevens
The Australian Financial Review – Page: 1 & 38 : 16-Nov-17

A global consortium of energy investors is said to be preparing to make a takeover bid for Australian-listed oil and gas producer Santos. The consortium is believed to intend to make an indicative bid of about $A5.30 per share, compared with Santo’s 2017 peak of $A4.78. Santos shares closed at $A4.38 on 15 November. The consortium, which is headed by Royal Dutch Shell’s former executive director Linda Cook, is understood to have make an initial approach to the Santos board in September. Santos had rejected a takeover bid from Scepter Partners in 2015, priced at $A6.88 per share.

CORPORATES
SANTOS LIMITED – ASX STOROYAL DUTCH SHELL PLCHARBOUR ENERGY LIMITEDENN GROUPHONY CAPITALEIG GLOBAL ENERGY PARTNERSSENEX ENERGY LIMITED – ASX SXYCHENIERE ENERGY INCORPORATEDCHRYSAORBOEING COMPANYCARGILL INCORPORATEDMARATHON OIL CORPORATIONTHE BANK OF NEW YORK MELLON CORPORATIONSCEPTER PARTNERSBHP BILLITON LIMITED – ASX BHP

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