Santos surges after takeover bid
TROUBLED energy giant Santos has rejected a $7.1b takeover bid from overseas fund manager Scepter Partners as too cheap.
SANTOS shares have surged after the embattled energy giant revealed it has rejected a $7.1 billion takeover bid.
THE offer is the first firm proposal Santos has disclosed after announcing a strategic review in August, effectively putting its assets on the block to cut $8.8 billion in debt.
Major Australian retailer collapses
A 100-year-old company that survived two world wars has been taken down by the cost-of-living in 2025.
Read more
ASX slides on latest Trump hit
The local market slid on sea-sawing session as investors wait to see the fallout from the latest Trump announcement.
Read more
Iconic retailer set to close 87 stores
Jeanswest will close down all of its stores in the next six weeks, leaving hundreds out of a job.
Read more