XRG Consortium prolongs timeline for Santos acquisition offer

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Aug 25 2025

0mins

Source: Yahoo Finance

Acquisition Extension: Santos has extended the exclusivity period for a potential acquisition by the XRG Consortium, led by Abu Dhabi National Oil Company, until 22 August 2025.
Due Diligence Process: The extension allows the consortium to complete its due diligence and finalize the scheme implementation agreement (SIA), which includes protections for Santos shareholders.
Proposal Assurance: The XRG Consortium confirmed that their due diligence did not reveal any issues that would lead them to retract their proposal of $5.761 cash per share.
Ongoing Negotiations: Santos has agreed to further extend the process until 19 September 2025 while maintaining the option to consider alternative proposals, although finalizing the SIA is not guaranteed.

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.

XRG Consortium prolongs timeline for Santos acquisition offer

About the author

Top News

Fed Cuts Interest Rates Amid Economic Concerns

SpaceX Targets $800 Billion Valuation in Secondary Sale

U.S. Consumer Sentiment Slightly Improves in December

U.S. Consumer Spending Slows in September

Related Articles

Fiserv Faces Class Action Lawsuit, Shares Plunge 44%

Goldman Sachs and T. Rowe Price Launch Co-Branded Model Portfolios

People Also Watch