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(Updates with details on the letter, background)
March 9 (Reuters) - Australian gas producer Santos Ltd received a letter from shareholder and activist investor Snowcap Research on Thursday, urging the company's board to reduce upstream investments and focus on increasing shareholder returns.
In the letter to the Santos board, Snowcap called for an overhaul of the gas producer's "misguided and reckless" growth strategy and advocated for reforms that it claimed could increase value for sharehol...
>>> Read more: UPDATE 1-Activist investor Snowcap asks Australia's Santos to reduce upstream investments
March 9 (Reuters) - Australian gas producer Santos Ltd received a letter from shareholder and activist investor Snowcap Research on Thursday, urging the company's board to reduce upstream investments and focus on increasing shareholder returns.
In the letter to the Santos board, Snowcap called for an overhaul of the gas producer's "misguided and reckless" growth strategy and advocated for reforms that it claimed could increase value for sharehol...
>>> Read more: UPDATE 1-Activist investor Snowcap asks Australia's Santos to reduce upstream investments
