Oil Search Santos $21B merger is go

OIL Search has agreed to a revised merger offer from Santos which will see its shareholders own 38.5% of the new, $21 billion company, and the board will unanimously recommend the offer to shareholders unless it receives a better one.

Oil Search Santos $21B merger is go Oil Search Santos $21B merger is go Oil Search Santos $21B merger is go Oil Search Santos $21B merger is go Oil Search Santos $21B merger is go

Revised up offer will create Top 20 oil company

 

It remains subject to due diligence by both parties and the recommendations of an independent expert report. The former should take four weeks.