MARKETS

Large shareholder slams proposed Woodside-Santos merger

Australia’s Woodside Energy should abandon its proposed $57 billion merger with compatriot Santos, reckons a large shareholder, signifying the deep divide between both sides over fair value, reported Reuters.

ENB Staff
 Woodside

Woodside

Fund manager Allan Gray Australia owns a roughly A$700 million ($460 million) share in oil and gas producer Woodside, according to CIO Simon Mawhinney. In a letter sent to Woodside management on Thursday,...

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