Santos gets $18.7B takeover offer from ADNOC-led consortium
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 15 2025
0mins
Source: SeekingAlpha
Takeover Proposal: Santos received a non-binding takeover proposal from a consortium led by ADNOC, valuing the company at US$18.72 billion with an offer of A$8.89/share in cash.
Future Recommendations: Santos plans to recommend that shareholders accept the deal if a binding offer is made, as the company continues to develop its oil and gas assets, including the Barossa project offshore Australia.
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.
