SANTOS ORD
Weekly Wrap: Markets edge as Rio-Glencore talks spark change in mining bid
Rio Tinto slides 6% on Glencore all-stock merger talks; BlueScope up 2% after rejecting a $30 offer. ASX 200 drifts -0.1% as deal news dominates.
Santos Focused on Future Growth After Abu Dhabi Consortium Withdraws $31b Takeover Bid
For the second time in 18 months, a potential suitor has walked away from a proposed takeover of leading Australian oil and gas company Santos (ASX: STO). XRG – the foreign investment arm of the Abu Dhabi National Oil Company (ADNOC) and its bidding partners – announced overnight the withdrawl of their $31 billion offer […]
Regulatory roadblocks threaten to derail ADNOC’s proposed $30b takeover of Santos
Industry experts are already suggesting that the $30 billion takeover bid for Santos (ASX: STO) by global oil and gas giant the Abu Dhabi National Oil Company (ADNOC) is looking less likely to succeed. While the Santos board has indicated it is willing to back the move, there is a growing feeling that the foreign […]
Santos board indicatively backs proposed $30b takeover bid from Abu Dhabi oil giant ADNOC
The board of Santos (ASX: STO) has indicated its willingness to back a $30 billion takeover bid by global oil and gas giant the Abu Dhabi National Oil Company (ADNOC). The non-binding bid is led by the XRG Consortium – the international investment arm of the Abu Dhabi business – that includes the Abu Dhabi […]