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Adnoc Launches $19 Billion Bid to Acquire Australia's Santos

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Source: Financial Times
Adnoc Launches $19 Billion Bid to Acquire Australia's Santos
Photo: Financial Times
TL;DR

Abu Dhabi’s national oil company, through a consortium led by XRG, has bid approximately $19 billion to acquire Australian energy company Santos, offering a 28% premium per share amid ongoing market volatility and previous talks with other firms.

Topics:business#adnoc#australia#business#energy#santos#takeover
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  1. Abu Dhabi’s Adnoc bids $19bn to take over Australia’s Santos  Financial Times
  2. Australia's Santos receives takeover offer from ADNOC valuing firm at $18.7 billion  Yahoo Finance
  3. Santos, Adnoc Poised to Report A$30 Billion Deal, AFR Says  Bloomberg
  4. Australia's Santos backs $18.7 billion takeover bid from ADNOC-led consortium  MSN
  5. Santos, Adnoc poised to announce $30b deal; JPM, Allens on ticket  AFR

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