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Santos is right to reject $7b bottom-fishing takeover offer

2015-10-22 08:27:37| Oil & Gas - Topix.net

Santos was right to tell Scepter that its $7 billion bid was too low, but also right to leave the negotiating door open. If shareholders don't force a capitulation, Santos should be able to continue assessing asset-sale options while leaving the door ajar for Scepter's return.

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