Abu Dhabi’s XRG Walks Away From $19 Billion Santos Takeover

By Anthony Di Paola and Keira Wright Abu Dhabi National Oil Co. dropped its planned $19 billion takeover of Australian natural gas producer Santos Ltd., walking away from an ambitious effort to expand overseas after failing to agree on key terms. A “combination of factors” discouraged the company’s XRG unit from making a final bid, … Read more