Investors cheer Santos shares on talk of Woodside merger
The companies have confirmed discussions to merge and create a new company valued at A$80b.
The merged company would have more than 70% of its assets in LNG.
Shares in Adelaide-based oil and gas producer Santos spiked more than 6% on the ASX today as the market digested news that the company was exploring a merger with rival Woodside Energy.
The two companies yesterday confirmed they were in “preliminary discussions” on the move, which would be a
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