Summary
ASX Announcement
In response to media reports, Santos Limited states that it has approached both Shell Australia Investments Limited and Woodside Petroleum Limited to discuss alternatives to Shell’s Revised Merger Proposal.
Santos has raised the possibility that it may be able to play a part in achieving an outcome that would be mutually beneficial for the shareholders of all the companies involved, while satisfying national interest concerns that have been raised.
The discussions held to date are highly preliminary and Santos will inform the ASX should the discussions lead to the formulation of a definitive proposal.
