Australia’s Santos gets final sweetened $10.8b bid from Harbour Energy

Santos
A Santos Ltd. pilot well operates on a farm property in Narrabri, Australia, on Thursday, May 25, 2017. A decade after the shale revolution transformed the U.S. energy landscape, Australia — poised to overtake Qatar as the world’s biggest exporter of liquefied natural gas — is experiencing its own quandary over natural gas. Photographer: Brendon Thorne/Bloomberg

U.S.-based Harbour Energy made a final offer of $10.8 billion for Australia’s Santos Ltd on Monday, hiking its bid for a fifth time in nine months after a steep rise in oil prices and potentially deterring any rival bids.

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