Woodside Energy says its $80 billion talks with Santos have collapsed
Woodside Energy says its merger talks with Santos have collapsed.
The tie-up between Australiaās largest oil and gas company and its second-largest would have created an $80 billion energy giant.
But Woodside said on Wednesday it wouldnāt move further on the possible transaction.
The company didnāt provide details, with chief executive Meg OāNeill saying only that Woodside always conducted due diligence and only pursued transactions that provided value for shareholders.
You might like
āWe continue to be disciplined in our approach to mergers and acquisitions and capital management to create and deliver value for shareholders,ā Ms OāNeill said.
āWhile the discussions with Santos did not result in a transaction, Woodside considers that the global LNG sector provides significant potential for value creation.ā
Santos has been approached for comment.
Want to see more stories from InDaily Qld in your Google search results?
- Click here to set InDaily Qld as a preferred source.
- Tick the box next to "InDaily Qld". That's it.
