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MARKETS

Oil Search props open door to better offer 

OIL Search has provided some further clarification to its takeover news this morning, suggesting it is still open to offers provided they are higher. 

Helen Clark
Santos CEO and MD Kevin Gallagher

Santos CEO and MD Kevin Gallagher

It suggested Santos' stated implied price of $4.25 per share in an all-scrip deal did not represent good value for shareholders, and while a 12.3% premium to its closing price of June 24, but only 6.8%...

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