STO 0.76% $5.31 santos limited

santos accepts bid

  1. 120 Posts.
    15 September 2003

    Santos accepts Origin Energy bid for Oil Company of Australia
    Santos Ltd today announced that, having regard to the Independent Expert's
    Report and recommendation of the Independent Director of Oil Company of
    Australia Ltd ("OCA"), it intends to accept the off-market take-over offer by
    Origin Energy Ltd of $4.25 per share for the remaining 11,793,140 shares
    Santos holds in OCA. Pursuant to a pre-bid agreement, Santos has
    previously accepted the offer in respect of 2.9 million shares.

    Santos has held shares in OCA since 1987, which have a book value of $1.13
    per share.
 
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Price($) Vol. No.
$5.31 41762 4
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