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(Adds share price reaction in third paragraph and deal details)
Feb 7 (Reuters) - Australia's Woodside Energy said on Wednesday it had ended talks with Santos to create a possible A$80 billion ($52.22 billion) global oil and gas giant.
Woodside said it would only pursue a deal that would add value for its shareholders.
Santos shares dropped 5% soon after the news was announced while Woodside's stock rose 2% on Wednesday.
"While the discussions with Santos did not result in a transaction, Woo...
>>> Read more: UPDATE 2-Woodside Energy ceases talks on $52 bln Santos merger
Feb 7 (Reuters) - Australia's Woodside Energy said on Wednesday it had ended talks with Santos to create a possible A$80 billion ($52.22 billion) global oil and gas giant.
Woodside said it would only pursue a deal that would add value for its shareholders.
Santos shares dropped 5% soon after the news was announced while Woodside's stock rose 2% on Wednesday.
"While the discussions with Santos did not result in a transaction, Woo...
>>> Read more: UPDATE 2-Woodside Energy ceases talks on $52 bln Santos merger
