Santos shares slide 14% after ADNOC drops $19 bln bid
NegativeFinancial Markets

Santos shares plummeted by 14% following ADNOC's decision to withdraw its $19 billion bid for the Australian energy company. This significant drop reflects investor concerns about Santos's future prospects and the impact of losing such a substantial investment opportunity. The market's reaction underscores the volatility in the energy sector and raises questions about Santos's strategic direction moving forward.
— Curated by the World Pulse Now AI Editorial System