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Santos Limited ( (AU:STO) ) has issued an update.
Santos Limited has announced an extension of the process and exclusivity deed with the XRG Consortium, which is led by a subsidiary of Abu Dhabi National Oil Company, to acquire all issued shares in Santos. The extension, now set to last until 19 September 2025, allows the consortium to complete due diligence and secure necessary approvals for a potential transaction valued at US$5.76 per share. While the consortium has not found any issues during due diligence, there is no guarantee that a binding agreement will be reached or that the transaction will proceed. Santos shareholders are advised that no immediate action is required, and the company will continue to provide updates as necessary.
The most recent analyst rating on (AU:STO) stock is a Buy with a A$8.89 price target. To see the full list of analyst forecasts on Santos Limited stock, see the AU:STO Stock Forecast page.
More about Santos Limited
Santos Limited is a leading energy company based in Australia, primarily engaged in the exploration, development, production, and marketing of natural gas and oil. The company focuses on supplying energy to both domestic and international markets, with a strong presence in the Asia-Pacific region.
YTD Price Performance: 19.07%
Average Trading Volume: 12,615,804
Technical Sentiment Signal: Buy
Current Market Cap: A$25.15B
Learn more about STO stock on TipRanks’ Stock Analysis page.