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By Scott Murdoch and Renju Jose
SYDNEY (Reuters) -Australia's Santos Ltd shares jumped nearly 11% in early trade on Friday to their highest level in five weeks after it said it was in talks with larger rival Woodside Energy for a potential A$80 billion ($52 billion) merger.
Santos and Woodside after market hours on Thursday confirmed speculation they were in preliminary talks to create a major oil and gas company, with assets in Australia, Alaska, the Gulf of Mexico, Papua New Guinea, Senegal ...
>>> Read more: Santos shares jump 11% on $53 billion Woodside merger talks
SYDNEY (Reuters) -Australia's Santos Ltd shares jumped nearly 11% in early trade on Friday to their highest level in five weeks after it said it was in talks with larger rival Woodside Energy for a potential A$80 billion ($52 billion) merger.
Santos and Woodside after market hours on Thursday confirmed speculation they were in preliminary talks to create a major oil and gas company, with assets in Australia, Alaska, the Gulf of Mexico, Papua New Guinea, Senegal ...
>>> Read more: Santos shares jump 11% on $53 billion Woodside merger talks
