Three factors that killed the Santos takeover

Santos will come under pressure to re-think an LNG spin-off or other asset sales after stumbling on its third trip to the altar for what would have been a huge takeover.

After resisting shareholder calls to break up the company for years, Santos CEO Kevin Gallagher looked like he had snatched a fantastic $36.4 billion swansong via his mates (or former mates) in the United Arab Emirates and Australia’s biggest ever cash takeover.

Source: https://www.afr.com/chanticleer/three-factors-that-killed-the-santos-takeover-20250917-p5mvyf