A hedge fund pushing Santos
to split off its liquefied natural gas assets is
resuming its campaign, as management and investors look for ways
to revive a share price back in the doldrums after failed.
A new proposal prepared by the Canadian investment giant would come ahead of a shareholder vote on Thursday that is expected to kybosh a $20-billion takeover.
The liquor retailing giant says it is only adapting to major shifts in consumer habits, not abandoning the big-box “category killers” that made it so popular.