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