Santos and Woodside End Merger Talks ...Middle East

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Santos and Woodside End Merger Talks
Santos and Woodside have ended their merger talks that would have resulted in the creation of a $52-billion energy major with solid exposure to the LNG space. The development was not unexpected, especially since some investors voiced concern that Woodside would need to pay a substantial premium for Santos to make the deal worthwhile for the company, per the Financial Times. "We continue to be disciplined in our approach to mergers and acquisitions and capital management to create and deliver value for shareholders," Woodside chief executive…

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