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(Bloomberg) -- Santos Ltd. jumped after confirming preliminary talks with Woodside Energy Group Ltd. that would see the companies with a combined value of A$80 billion ($53 billion) create a liquefied natural gas powerhouse to benefit from buoyant demand.
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>>> Read more: Santos Jumps on Prospect of A$80 Billion Deal With Woodside Energy
Most Read from Bloomberg
Carlyleâs Rubenstein Is in Talks to Acquire Baltimore Orioles Elon Musk's SpaceX Valued at $175 Billion or More in Tender Offer Wall Streetâs AI Craze Drives Nasdaq 100 Up 1.5%: Markets Wrap Harvard, Penn He...
>>> Read more: Santos Jumps on Prospect of A$80 Billion Deal With Woodside Energy
