Santos CEO States Company Open to Any Acquisition Proposals
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 19 2025
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Source: Reuters
Santos CEO's Stance on Takeovers: Santos CEO Kevin Gallagher expressed openness to considering takeover offers, emphasizing his desire to remain in his position as long as he has shareholder and board support.
Failed Bid by ADNOC Consortium: A proposed $18.7 billion takeover bid for Santos by a consortium led by Abu Dhabi National Oil Company (ADNOC) fell through due to disagreements over commercial terms, particularly concerning imminent capital gains tax payments on Santos' assets in Papua New Guinea.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
