Santos Rejects Takeover Offer from Harbour Energy

A takeover bid worth US$7.2 bn made by Harbour Energy has been turned down by Santos. Citing undervaluation, the Australian gas producer has said that the U.S. investment firm, Harbour Energy, had approached them in the month of August with an offer of US$4.55 per share through a scheme of arrangement. Future Plans of Santos The American investment firm is reportedly making plans to offer a bid of US$5.30 per