Santos address takeover speculation

On 3 April 2018, Santos received a takeover proposal from Harbour Energy to acquire 100 per cent of Santos shares for $6.50 per share.

In a statement released today, Santos said it agreed to engage further with Harbour and allowed it the opportunity to undertake confirmatory due diligence.

Santos notes media speculation that ENN Ecological Holdings (ENN) will enter a trading suspension on the Shanghai Stock Exchange in connection with a preliminary agreement with Harbour in relation to the Harbour proposal.

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