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Santos Limited ( (AU:STO) ) has issued an announcement.
Santos Limited has entered into a process and exclusivity deed with XRG P.J.S.C., a subsidiary of Abu Dhabi National Oil Company, for a potential acquisition of all Santos shares. This agreement grants XRG exclusive due diligence access for six weeks, with provisions for negotiating a binding scheme implementation deed. While the deal could significantly impact Santos’ operations and market positioning, there is no certainty it will proceed.
The most recent analyst rating on (AU:STO) stock is a Hold with a A$7.60 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 prominent player in the energy sector, primarily engaged in the exploration and production of oil and natural gas. The company is focused on delivering sustainable energy solutions and operates across various regions, contributing significantly to the energy market.
Average Trading Volume: 13,318,371
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$24.53B
For an in-depth examination of STO stock, go to TipRanks’ Overview page.