Santos to acquire ESG for $924M

SANTOS will acquire Eastern Star Gas in an all-share deal valued at about $A924 million and could end plans to develop a liquefied natural gas project at Newcastle.

Santos to acquire ESG for $924M Santos to acquire ESG for $924M Santos to acquire ESG for $924M Santos to acquire ESG for $924M Santos to acquire ESG for $924M

ESG shareholders will receive 0.6803 Santos shares for every 10 ESG shares they hold, valuing ESG shares at 90c, a 51% premium over the closing price of 59.5c on July 15.

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