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The Australian oil and gas company Santos rejected the offer of the US private equity fund Harbour Energy to purchase Santos for 10 billion 860 million dollars. In a press release, Santos said that the proposal “does not reflect the full value of the company and, taking into account the risks, does not meet the interests of shareholders”. Santos also said that it is stopping all negotiations with the fund, which originally rated the Australian company at 4 dollars 98 cents per share, and on May 19 increased the offer to 5 dollars 12 cents per share. In early April, Santos granted the US fund access to its documents for a comprehensive examination and, after its completion, expected improvement in supply.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
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