XRG Consortium prolongs timeline for Santos acquisition offer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 25 2025
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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.
