XRG Consortium prolongs timeline for Santos acquisition offer
Written by Emily J. Thompson, Senior Investment Analyst
Source: Yahoo Finance
Updated: Aug 25 20250mins
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.
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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.
