Santos Grants ADNOC Six Weeks for $19 Billion Takeover Review ...Middle East

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Santos Grants ADNOC Six Weeks for $19 Billion Takeover Review
Santos has granted exclusive due diligence access for six weeks to the consortium led by Abu Dhabi’s ADNOC that has made an $18.7 billion non-binding takeover bid for the Australian energy giant.  Santos, which earlier this month received – and plans to accept – the offer, has now entered into a process and exclusivity deed with XRG, a subsidiary of Abu Dhabi National Oil Company and lead investor of a consortium including Abu Dhabi Development Holding Company and Carlyle, the Australian gas giant said on Friday.  The…

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