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SANTOS LIMITED — M&A Activity 2024
Feb 6, 2024
65872_rns_2024-02-06_b20b4b4e-3aa6-4622-81d7-df3ecb771766.pdf
M&A Activity
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ASX / Media Release
7 February 2024
Santos concludes discussions with Woodside
Santos refers to the ASX announcement released by Woodside Energy Group (Woodside) today confirming discussions between Santos and Woodside regarding a potential merger have ceased.
Following an initial exchange of information, sufficient combination benefits were not identified to support a merger that would be in the best interests of Santos shareholders.
Santos has a clear strategy to deliver long-term shareholder value. We have a strong balance sheet and continue to review options to unlock value for shareholders.
Ends.
This ASX announcement was approved and authorised for release by Kevin Gallagher, Managing Director and Chief Executive Officer.
Santos Limited ABN 80 007 550 923 GPO Box 2455, Adelaide SA 5001 T +61 8 8116 5000 | F +61 8 8116 5131 santos.com
Media enquiries Ken McGregor +61 (0) 401 037 140 [email protected]
Investor enquiries Brian Massey +61 8 8116 7354 | +61 (0) 432 099 391 [email protected]
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