Santos deal in the pipeline?

Wilson Asset Management

Wilson Asset Management

Oil and gas producer Santos (ASX: STO) has rejected a $6.88 per share takeover offer from Bermuda based Sceptre Partners valuing the company at $7.1 billion. The company said the proposal was considered to be “opportunistic in nature and does not reflect the fair underlying asset value of the company”. In a statement supporting the bid, Scepter said it planned to install former Santos chief executive officer John Ellice-Flint as executive chairman of a privatised company if successful. Santos shares closed up 17% this week. We do not own Santos in the investment portfolio.

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Wilson Asset Management

Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...

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