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KM Financial Solutions | UPDATE 1-Australia’s Santos rejects Harbour Energy’s $10.8 bln bid as oil prices surge
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UPDATE 1-Australia’s Santos rejects Harbour Energy’s $10.8 bln bid as oil prices surge

21 May UPDATE 1-Australia’s Santos rejects Harbour Energy’s $10.8 bln bid as oil prices surge

Posted at 10:10h in News by
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May 22 (Reuters) – Australia’s Santos said on
Tuesday it terminated discussions with Harbour Energy and
rejected the U.S.-based company’s final takeover offer of $10.8
billion, saying it undervalues the oil and gas producer as oil
prices surge.

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