Adnoc Launches $19 Billion Bid to Acquire Australia's Santos
TL;DR Summary
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.
- Abu Dhabi’s Adnoc bids $19bn to take over Australia’s Santos Financial Times
- Australia's Santos receives takeover offer from ADNOC valuing firm at $18.7 billion Yahoo Finance
- Santos, Adnoc Poised to Report A$30 Billion Deal, AFR Says Bloomberg
- Australia's Santos backs $18.7 billion takeover bid from ADNOC-led consortium MSN
- Santos, Adnoc poised to announce $30b deal; JPM, Allens on ticket AFR
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