Companies & Finance

Santos rejects Harbour Energy’s final offer

Santos Energy has rejected a takeover proposal from Harbour Energy, the Australian company has announced.
By Staff reporter 22 May 2018 0 30957

Santos Energy has rejected a takeover proposal from Harbour Energy, the Australian company has announced.

Santos received a final bid of approximately $10.8 billion from United States-based Harbour on Monday, which was its fifth bid in nine months.

Santos rejected the offer on the basis that it does not represent the full value of the company. Santos has terminated all discussions with Harbour.