Santos Shares Surge Post-Bid
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Santos shareCNBC
•Business
Business & Economics
Santos shares soar over 15% on ADNOC-led group's $18.7 billion takeover bid

86% Informative
Shares of Australian oil and gas producer Santos surged as much as 15.23% Monday following a $18.7 billion takeover bid by a consortium led by Abu Dhabi's National Oil Company .
The move marks the biggest intraday jump in the company's shares since April 2020 .
The consortium also includes the Abu Dhabi Development Holding Co and global private equity firm Carlyle Group .
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