M&A

Santos shares slump as Adnoc pulls $19bn takeover

By Frank Prenesti

Date: Thursday 18 Sep 2025

(Sharecast News) - Shares in Australian natural gas group Santos plunged on Thursday after Abu Dhabi's state oil company walked away from its $18.7bn offer.
Adnoc and private equity outfit Carlyle joined forces to table what would have been Australia's largest takeover but pulled their offer late on Wednesday citing a...

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