Santos hoses down takeover talk
March 25, 2010
Santos Limited (STO), in response to an ASX price query, hosed down speculation that it was a takeover target for Woodside Petroleum.
Just before the close of trade Thursday the Aussie gas producer said that it was aware of media speculation regarding Woodside’s interest in the company.
The company went on to say that “Santos has not been approached by, nor is it aware of any potential interest of Woodside Petroleum other than the media speculation”
Santos added that the share price movement today – the shares hit $15.05 early in the day – was possibly due the announcement by BG Group of a $60 billion gas sale to China National Offshore Oil Corporation.
Santos’ share price just before the close was a more modest 41c, or 2.9% higher to $14.78.
Just before the close of trade Thursday the Aussie gas producer said that it was aware of media speculation regarding Woodside’s interest in the company.
The company went on to say that “Santos has not been approached by, nor is it aware of any potential interest of Woodside Petroleum other than the media speculation”
Santos added that the share price movement today – the shares hit $15.05 early in the day – was possibly due the announcement by BG Group of a $60 billion gas sale to China National Offshore Oil Corporation.
Santos’ share price just before the close was a more modest 41c, or 2.9% higher to $14.78.
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