Australia’s Santos buys Quadrant Energy for $2.15b after spurning takeover

A Santos Ltd. pilot well operates on a farm property in Narrabri, Australia, on Thursday, May 25, 2017. Photographer: Brendon Thorne/Bloomberg

Australian oil and gas firm Santos Ltd agreed on Wednesday to buy privately held Quadrant Energy for at least $2.15 billion, grabbing what may be the biggest oil find off Western Australia in over two decades.

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