Good evening,
 
 

Good evening,

Santos boss Kevin Gallagher has M&A on his mind.

The oil and gas major is understood to have called in Goldman Sachs for strategic advice, as its shares trade 10 per cent lower than a year ago and underperform peers. However, there’s no inbound interest yet – just preparation for any approaches, should they come.

Alongside whole-of-business advice, Goldman Sachs has also been working with Santos on its mooted selldown of WA project Dorado.

Over at BWX, we got our paws on Greenhill’s sale flyer for BWX. Everyone knows the drill by now, but Greenhill wants to structure the deal as an asset sale and is willing to sell Sukin and manufacturing independent of each other.

Elsewhere, IPO candidate Mondiale was asking fund managers for meetings, The Real Pet Food had a new management team, and well-known construction giant Richard Crookes slammed down expectations of an administration.

Happy reading,
Sarah Thompson, Kanika Sood and Emma Rapaport
Street Talk editors

 
The Australian Financial Review
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