Finance News – Takeover Bid

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Sydney Morning Herald Biz • Jun 16, 2025

ASX closes flat; ASIC to probe market operator

The Australian stock market ended the day with little change, as a major acquisition offer for Santos by an Abu Dhabi-led group significantly influenced investor sentiment.

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CNBC Business • Jun 16, 2025

Santos shares soar over 15% on ADNOC-led group's $18.7 billion takeover bid

The announcement of a substantial acquisition proposal by a consortium including ADNOC triggered a significant increase in Santos' stock value, reflecting strong investor interest...

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