Habour Energy made it lucidly clear that it will no longer raise its bidding price prior to entering a Scheme Implementation Deed.

On Monday, US private equity giant Harbour Energy stated its takeover proposal of $10.8 billion for Australia’s Santos Ltd, a gas producer, was its “best and final” offer.

“Harbour’s 21 May 2018 proposal is ‘best and final’ and will not be further increased prior to entering into a Scheme Implementation Deed,” said Harbour in an emailed statement.

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Tags: Australia, best, bid, final, gas producer, Harbour Energy, offer, private equity firm, Santos Ltd, Scheme Implementation Deed, U.S, United States, valuation, valuing