IVZ media thread, page-5541

Woodside and Santos can overcome competition concerns to make their proposed $80 billion merger work, creating a giant Australian liquid natural gas company with a well-diversified asset base, fund managers and analysts say.

Perth-based Woodside and Adelaide-based rival Santos are in preliminary talks about a merger, a process that could involve up to six weeks of due diligence before a binding deal is agreed, with subsequent regulatory approvals not likely until May.

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