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Why Has Santos Extended Exclusivity with XRG Consortium for Two Weeks?

8:41am on Monday 11th of August, 2025 AEST Energy
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Why Has Santos Extended Exclusivity with XRG Consortium for Two Weeks?

8:41am on Monday 11th of August, 2025 AEST
Key Points
  • Two-week extension granted to XRG Consortium for due diligence
  • Potential takeover offer at A$8.89 per share in cash
  • Exclusivity restrictions remain with fiduciary exception for superior bids
  • No certainty the transaction will proceed or terms will be agreed
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