Woodside and Santos end talks on $80bn merger to create oil and gas giant
by Reuters from Environment | The Guardian on (#6JEB1)
Santos shares fall 5% and Woodside rises 2% after collapse of talks, with two sides reportedly unable to agree on valuation
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Woodside Energy and Santos said on Wednesday they had ended talks to create a possible A$80bn (US$52bn) global oil and gas giant.
Woodside, which is more than twice as large as Santos in terms of market value and revenue, said it would only pursue a deal that would add value for its shareholders.
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