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End of Woodside merger talks puts pressure back on Santos

Santos’ sinking share price will do nothing to ease the frustration of shareholders. One activist is renewing calls for the company to break itself up. 

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Santos chief executive Kevin Gallagher needs a plan B.

The official end to merger talks between Santos and Woodside is not unexpected, given the public opposition of several high-profile Woodside investors and Woodside chief Meg O’Neill’s pessimistic comments last week.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
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    Original URL: https://www.afr.com/chanticleer/end-of-woodside-merger-talks-puts-pressure-back-on-santos-20240207-p5f36s