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Santos Grants XRG Consortium Six-Week Exclusivity for A$8.89 Per Share Takeover
7:01am on Saturday 28th of June, 2025 AEST
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Santos Grants XRG Consortium Six-Week Exclusivity for A$8.89 Per Share Takeover
7:01am on Saturday 28th of June, 2025 AEST
Key Points
Santos signs exclusivity agreement with XRG Consortium for potential full acquisition
Six-week exclusive due diligence period with customary no-shop and no-talk restrictions
Offer price set at A$8.89 per share, subject to adjustments and approvals
Fiduciary exceptions allow Santos to consider superior competing proposals
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